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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.

Photo by CDC on Unsplash

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. 

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