Another $hit social media post that takes specific reported data out of context then warps it further. The source data is this:
The data is only for workers who have access to a defined contribution plan, not the "typical" worker. It does not give any numbers for "saved for retirement" as the post claims, only DC plan balances. The numbers are medians, not "typical", and "typical" isn't defined anyway.
You can read the report yourself here . Whoever made the social media post should have included the link, but that would have made it easier to see what BS the post is. This is either stupidity or intent to deceive.
