In spite of a surging economy and asset pricing going through the roof, it appears that not all is rosy amoung the American public.
A number of studies are revealing that Americans are ill-prepared for retirement despite a decade long surge in stocks and a housing market that took off in many areas.
The median American retirement is $0 when all workers are factored in. Using only those who do have retirement accounts with something in them, the number is only $40,000. This is well short of the amount needed that experts say will get one through retirement.
To read the full article, click on image.
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There is no financial education in schools of the USSA
Unfortunately, most do not think much past right now as far as finances go. It is scary how many live financially week to week.
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Buenos información, saludos
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Wait!
we can't fund our retirement with debt??
~american
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Its the persons own choice not to think into the future :)
Posted using Partiko Android
This is by system design. People working for someone else earn what that entity dictates. Working for someone else is not designed to make most rich; but, in the majority of cases, just enough to 'get by'. Even those with healthy salaries are taxed to oblivion.
[Note to self:] In this tech-era everyone of all ages should have an internet-based side gig to become less dependent on an employer.
Peace.
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