"Retirement Savings Reality Check: Are You Prepared or Falling Behind?"
The Federal Reserve's 2022 Survey of Consumer Finances reveals that almost half of American families don't have dedicated retirement accounts, with median savings varying by age. The article provides a breakdown of median retirement savings and the percentage of those with accounts by age bracket. It also emphasizes the importance of developing a retirement plan tailored to individual circumstances and offers strategies for catching up on savings, including seeking financial advice and exploring additional sources of income.