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Money and Finances
Reply to "Parents out of money at 75"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Most older people live on SS. There were pensions back in the day in some industries but not all. 401ks didn't really show up until the 80s or so. [/quote] This. This forum is so detached from reality I even have to be away from here for a few days. Most Americans who are retired today or who will retire soon will have SS as their primary income retirement. So many of us have so much money we forget that a lot of Americans are in dead end jobs with low pay. Even some jobs who are not dead ends pay very low wages. Many of us have benefited from very high paying jobs just because we have a college degree.[/quote]my parents are In their 80s, never made more than $45-50k per year combined don't have a pension and managed to save. Because they worked side jobs for extra and lived well below their means. They planned for supporting themselves in retirement and did a good job [/quote]
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