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Reply to "Median Retirement Savings of Pre-Retirees is $17,000"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Wow, that’s eye opening. I knew the numbers were low, but didn’t realize it was that low. Easy to forget the number of people living paycheck to paycheck. [/quote] OP here. Yes, we have a real problem facing us, as a nation. The vast majority of people are unprepared for retirement, and with the disappearance of pensions in the private sector, they will have nothing but social security - and that's not enough. [/quote] Plus a lot of retirees think they'll use their home equity as a big part of their retirement finances but a lot of today's retirees/near-retirees got screwed on that in the real estate crash. DH and I are 48 and 55 and just passed $1 million in our retirement accounts. I work a lot with demographic data and was well aware of the crappy position most people are in so I was like "whoo hoo!" I still want it higher and we're accelerating our savings since we'd stopped saving for several years when I was a SAHM. [/quote]
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