In one post we looked at the time Americans spend on side activities. In this post we’ll try paint a clearer picture of how serious side jobs are. Let’s examine how much Americans earn doing side work. How Much Do Americans Earn From Side Jobs? While researching the prevalence of side jobs and income earned […]
Economics
How Much Time Do Americans Spend on Side Jobs?
We’ve looked at the most common side jobs in America as well as why Americans work side jobs. In this post we’ll look at the time spent on side jobs by Americans. American Adult Time Spent on Side Jobs One of the more surprising numbers we’ve seen is that 30.7% of American adults earn some […]
Why Do Americans Work Side Jobs?
In the last post, we looked at the most popular side jobs worked by Americans in 2017. As the most logical followup, in this post we’ll look at why Americans worked side jobs. Once again, data comes from the 2017 Federal Reserve Survey of Household Economics and Decisionmaking. Why Do Americans Work Side Jobs? One […]
What Are the Most Common Side Jobs in America?
Whether you call it a side job, part time work, or a side hustle, Americans are an industrious bunch. How industrious? According to the 2017 Federal Reserve SHED, almost 31% of us work some sort of side job. Let’s explore the most common side jobs in America. Popular Side Jobs in America By far, selling […]
How Much Do Early Retirees – Or Extremely Early Retirees – Have Saved?
In this post, we’ll look at early retirees – and some of their extreme early retiree counterparts. How much do they have saved for retirement? How do they differ from the general population? Let’s find out using the 2017 Federal Reserve Survey of Household Economics and Decisionmaking. Savings of American Early Retirees The SHED has […]
Early Retirement: How Common – Or Rare – Is It?
In a recent post, we argued that 55 years old as the early retirement age cutoff in America. In this post, we’ll look at how rare early retirement is in the US. As a preview, 24.29% of current living retirees report retiring before age 56. Number Retiring by Age of Living American Retirees in 2017 […]
Retirement Planning: How Do Americans Pay For Retirement?
In this post we use 2017 Survey of Household Economics and Decisionmaking microdata to see how do Americans pay for retirement, and also look at what is retirement. Hopefully this data is useful for your own retirement planning! How Do Americans Pay For Retirement? A SHED series of questions enumerated retirement funding sources and asked […]
Why Do Americans Retire?
In our average retirement age in the United States piece we briefly discussed retiring for health reasons… then didn’t dive deeper. Through the lens of 2017 Survey of Household Economics and Decisionmaking responses, today we’ll evaluate retirement reasons for the living retiree population. We’ll touch both why do Americans retire as well as craft a […]
Average Retirement Age in the United States
The average retirement age in the United States among currently living retirees was 59.88 years old. The median living retiree left work at 62 years old, and the most common age to retire was 62 years old. 18.7% of retirees retired at age 62, and a whopping 63.1% retired between the ages of 57 and […]
Do Americans Feel On-Track for Retirement?
In other posts, we looked at how American households compare to savings target multiples by age and the dollar amount they’ve saved for retirement. Now we’ll examine American opinions of retirement savings in 2017… and see if people feel they’re on-track for retirement. American Savings Survey: Are They On-Track for Retirement The first thing you’ll […]