The growth of the womanâs movement, and its impact on the consciousness of African-American women in particular, helped fuel a âblack womenâs literary renaissanceâ of the 1970s, beginning in earnest with the publication of âThe Bluest Eyeâ (1970), by Toni Morrison.
Even if you started saving every month since your childâs birth and earned an annualized average return of 7 percent, you have to put away $215 each month for college savingsâand thatâs for only one child attending a public college.
In terms of how using savings by age as a benchmark impacts your own retirement strategy, it's important to consider the bigger picture. Across all age groups, the average retirement savings is $95,766, according to the EPI. Overall, the data suggests that Americans are simply not saving enough for retirement, regardless of age. As you evaluate your own plan, it's important not to let the average retirement savings by age distract you from your goals.