The Daily Money: $920,400 👀 that's how much the avg. older American has in savings

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The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Friday, November 20 Good morning, Daily Money readers. You did it. You made it to Friday! It's Josh Rivera here bringing you the top Money headlines. Let's start with a fun fact: The average American (aged 55 to 75) has $920,400 in retirement savings, according to a Charles Schwab survey. "Socking away close to $1 million may seem like a difficult task. But actually, if you start early enough, you may be surprised at how seamlessly you reach that goal," says Maurie Backman of The Motley Fool. Speaking of personal finances, we're in open enrollment season. So make sure you know your deadlines and review your employer's options for 2021. Here's what else you need to know. And in hopeful news, a team of University of Michigan economists sees encouraging signs that could bring economic life close to normal by the end of 2021 given that we get a vaccines by the summer. "Regardless of what happens in the near term with the virus, I think the recovery will be pretty vigorous once we get a wide rollout of a vaccine," Daniil Manaenkov, U.S. forecasting specialist, said in a statement to USA TODAY Network columnist Susan Tompor.  Finally, if you haven't received your $1,200 stimulus check, there's still time. But you better act fast. And by fast I mean tomorrow 3 p.m. ET. USA TODAY reporter Jessica Menton has the details. — Josh Rivera, Money & Tech NOW editor The average older American has $920,400 in retirement Want your savings balance to mimic that of the typical pre-retiree or senior? Here's your game plan. Target releases official Black Friday 2020 ad How to make the most of Open Enrollment Vaccine could return US economy to near normal Google Pay: What opting in can really mean Incomes to be considered rich in each state How long does it take to get a good credit score? Is Santa still coming to the mall for Christmas? Missing your stimulus check? There's one last chance... Mesh routers expected to be huge holiday sellers   FOLLOW US Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2020 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102