17 Aug 2023 11:27 am
I'm going to have to admit I was quite naive, I thought all my peers were leaving us behind.DeezerShoove » 17 Aug 2023, 10:46 am » wrote: ↑ I am a have not. Most people are.
I asked a financial advisor. "What happens when the world goes to ****?"
He said,"We'll be the richest paupers on the planet."
Is that good or bad? Dunno. Could be worse I guess...
How much do people save for retirement? In 2019, about 50% of households reported any savings in retirement accounts. Twenty-one percent had saved more than $100,000, and 7% had more than $500,000.Apr 25, 2023
The bar has been set pretty low, one of the reasons I'm pushing back on " BOOTSTRAPS"!
Those financial advisors must be working overtime trying to get enough clients. No one is following the 7x, 8x, 9x, 10x of yearly income in retirement savings. Our financial advisor is quite the character, the type of guy you want to go with you into a biker bar. Fully tatted arms (which he covers in the office) the size of most men's thighs.
Retirement accounts aren't the only metric on how people are doing but a pretty good indicator.