Retirement savings are crucial for supplementing Social Security and providing a great life after the workforce.

However, the past several years have been rough on most people financially. How has this impacted retirement savings? According to this report, the numbers look bleak.

The median balance for retirement plans dropped to a decade low of $23,818. Annual returns were in the negatives in 2022, specifically at -14.7 percent.

That’s a shocking set of statistics for sure, and you can find more at the link. But we’re here to remind you there’s still hope no matter the state of your retirement prep. Starting late? No problem. You can also get a steady stream of retirement planning tips by following us on Facebook and Twitter.

In addition, we fight for seniors to be prioritized on the legislative floor. Learn more here.