25 Oct 2025 1:05 pm
Dont forget Todays world the average "Median Wage" or Salary is roughly 35/38 Grand..Fuelman » 25 Oct 2025, 12:33 pm » wrote: ↑ The formula is quite simple but life seems to get in the way for many.
2022 Federal Reserve Board study found that 43% of people aged 55 to 64 had no retirement savings.
A 2023 Credit Karma survey showed that 10% of baby boomers had no retirement savings at all.
According to a 2024 AARP report, 1 in 5 (20%) Americans aged 50 and older have no retirement savings.
The U.S. Government Accountability Office found that as of 2022, 32% of households with a worker aged 55 or older had no retirement savings or defined benefit plan.
That used be really "Good" $$$ back im the 1980s I mean mortgage pay offs Brand New car sitting in the Driveway too
That was "Middle Class" 30 years ago..
Today the pay barely went up but Inflation and Prices "Skyrocketed" 2 the Moon..
Forget just working and "$aving" like ya folks and Grandparents the $$$ the economics just aint there anymore