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Connecticut Leads U.S. With $545,000 Average Retirement Savings

By Akayla Gardner

Hedge fund hub Connecticut is home to the fattest retirement accounts in the U.S.

Residents there have socked away an average of about $545,000 in retirement savings, according to a report from financial advisory Personal Capital. New Jersey came in second at $514,000.

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More than 400 private investment funds have offices in Connecticut, including Ray Dalio’s Bridgewater Associates and Steven Cohen’s Point72 Asset Management. And, along with New Jersey, the states are among a handful with the highest ratio of millionaires per capita.

As for New York, it’s near the bottom of the list — ranked 40th with an average balance of $382,000.

The Personal Capital report analyzed 2.8 million user accounts. 

More stories like this are available on bloomberg.com.

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