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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][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] People have been living on just their social security checks for a long time. It isn't fun but this isn't a new thing, either. [/quote] How can they live on $1200 a month? Even if their home is paid off, [b]they can have property tax of $500 a month.[/b] And then there's food, utilities, gas money and car expenses, Medicare premiums, household stuff, and more. [/quote] LOL property taxes for most people in this country are nowhere near $500 a month. [/quote]
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