It’s an unfortunate but well-known fact that a large number of Americans aren’t prepared financially for retirement. According to recent date from the Economic Policy Institute, the average retirement savings across all American families is $95,776. But that’s just the average, and because a handful of good savers can pull up that number, it’s important to also look at the median savings balance among Americans. That figure — $5,000 — paints a much bleaker picture.