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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Many Americans are in this position, a few in my family too. They have anywhere from very low positive net worth (less than 100k) to negative net worth from CC debt, etc and are rapidly approaching 60.

What happens to them? Do they work until they die? Do they get enough from SS? Some are unmarried with no children.[/quote]

My parents retired a decade ago with more than this, but not a lot more. They have not touched their savings at all.

House paid off, live in a LCOL area. Are frugal by nature, that’s how they saved. Also have a cheap old family home in Europe so they vacation there every year (spend the entire summer).

They live on SS and a small pension of under 1k a month. Also now that my dad is in his 80’s he doesn’t have much interest in going anywhere….so what would they even spend money on! They live fine, actually gave my kids their COVID stimulus money because they had no need for it, some years they even don’t spend all the SS money. My mom loves to cook as well, and they don’t like to eat out so that helps.[/quote]

Something doesn’t add up. People getting by on SS can’t afford flights to Europe every summer. My in laws can’t even afford a flight to DC. [/quote]

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