...
Seventy-five percent of Americans nearing retirement age in 2010 had less than $30,000 in their retirement accounts. The specter of downward mobility in retirement is a looming reality for both middle- and higher-income workers. Almost half of middle-class workers, 49 percent, will be poor or near poor in retirement, living on a food budget of about $5 a day.
...
So the older folks will be destitute and the young can't afford to live. What does America become then?
2 comments:
What does America become then?
A third-world banana republic without the bananas.
We hit retirement better prepared than that, thank goodness.
Damn, I'm ahead of the curve.
Post a Comment