Residents in These States Are Best and Worst at Saving for Retirement

When it comes to saving for retirement, residents of some states are doing a better job than others. An NBC Philadelphia Money Report, in partnership with CNBC, looked at the average household retirement savings across the country. It found that people in Massachusetts have the most money saved, with an average of $448,500 in savings including 401(k)s and IRAs. On the other end of the spectrum, Americans living in Louisiana and Mississippi have the lowest average household retirement savings with $128,900 and $131,500 respectively.

The Seniors Trust is committed to improving the lives of America’s retirees through the passage of The Social Security Expansion Act. It will give retirees an immediate benefits increase of about $200 a month, a fair annual cost-of-living adjustment (COLA), and increased minimum benefits. This bill will also ensure the long-term solvency of the Social Security program.