Union Bank is open Tuesday, January 17, with regular business hours.

50s & 60s: Statistics


  • 67% of families headed by a worker aged 55-65 had less than $88,000 in retirement savings
    (source: Consumer Finances) 
  • Persons nearing retirement have an average net worth of $520,000 (source: AARP).
    Your net worth includes your home, your assets, and your liabilities. 
  • Average age of retirement is somewhere close to 62 years of age
    (source: federal statistics) 
  • 45% of households headed by 50-somethings include minor children
    (source: Consumer Finances). 
  • 70% of baby boomers, who had not yet retired, say they expect to work well into their retirement years, or never retire at all (source: AARP)
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