One out of every six retirees in the US is a millionaire
One out of every six retirees in the US is a millionaire, according to a report by financial planning firm United Income. The average wealth for American retirees is $752,000 (â¹5.02 crore), which has increased by over 100% since 1989. Further, the share of retirees who are millionaires has more than doubled since 1989, the report added.