the size of wealth is enormous, nearly 3 times the average wealth in the top 1%. This means returns to wealth are exceptionally large for the richest 0.1%.
Theaverage pre-tax savings(401k/IRA) and post-tax savings amounts double every year until age 40 and then only increase by 25% every five years after. After age 40, the savings rates increase by only 25% a year to account for early retirement of one spouse, if not both spouses. The ...
Co-written by Ruth Sarreal Content Management Specialist Table of contents Average savings account rate: 0.41% Historical national rates Average interest checking account rate: 0.07% Average certificate of deposit rate: 1.82% for one-year CDs Average money market account rate: 0.64% Show More Ave...