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Money and Finances
Reply to "why do so few people have two million dollar 401ks/IRAs?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Approximately 35% of working Americans have a 401(k) retirement account. Thanks, Google.[/quote] My dh and I are the only people we know with a combined 1 million at age 60. I have friends in their late 50s without 401ks, because they needed the money for health issues or housing emergencies or lay offs. One is now 57 and makes $19 an hour, with a college degree, after he last job loss. Most Americans don't earn enough to save very much OP. [/quote] How do you know how much they have? No one knows how much we have.[/quote]
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