Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "People who don't save for retirement"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]Everytime I look up what I should have saved up, I get stats on what the average American actually has. And they don’t have much. So what do all these people actually do when they reach their 60s and 70s? [/quote] I think about 8% of adults aged 50-65 already are living off of SSI or SSDI, which isn't a large benefit to begin with. So if they do not have any retirement savings or pension income coming in, they will just continue to live off of their Social Security monthly benefit. In other cases, they continue working perhaps under the table, provide baby sitting for family members, move in with kids. Or if they have a paid off house or trailer, they allow kids, nieces and nephews or others to move in with them to have a free place to live. The younger generation hopefully can help with expenses. If they are low-income and over 65, they can qualify for assistance with food (SNAP) and sometimes utilities.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
