The personal finance site analyzed data from the U.S. Census Bureau’s 2022 Survey of Income and Program Participation, the latest available, to determine the average amount households in each state have saved for retirement. The totals include balances of 401(k)s, IRAs, Keogh plans and thrift savings plans.
The average amount Americans have saved for retirement in every U.S. state—see how you compare
Thrift Savings Plans refers to a government program: Home | The Thrift Savings Plan (TSP)
Per the story, they include accounts specific to retirement such as IRA and 401(k) programs but do not include:
- Ordinary bank accounts
- Stock investments
- Real estate owned, including one’s own home
- Pensions
- Social security and other benefit programs
- Other savings
Which means they may be leaving the bulk of retirees’ assets out of the total!
