Americans are Nowhere Near Prepared for Retirement
realwealthconcepts.substack.com
Americans haven't been saving the recommended 10-20% of their incomes and simply aren't prepared for retirement. The median 401k for someone aged 55-64 (i.e. pre-retirement years) is only $61,738. Even the most frugal spender could only make that last a couple years in retirement.
Americans are Nowhere Near Prepared for Retirement
Americans are Nowhere Near Prepared for…
Americans are Nowhere Near Prepared for Retirement
Americans haven't been saving the recommended 10-20% of their incomes and simply aren't prepared for retirement. The median 401k for someone aged 55-64 (i.e. pre-retirement years) is only $61,738. Even the most frugal spender could only make that last a couple years in retirement.