Katsmeow
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 11, 2009
- Messages
- 5,308
This is more shocking than the 300k story.
The Shocking Retirement Numbers That Will Blow You Away
According to recent estimates, there are 58 million Americans between the ages of 50 and 64. The median retirement savings for this group is only $26,000 per person.
The article also has the following quote:
According to Ghilarducci, a safe rule of thumb is that you must have 20 times your annual salary saved up by the time you retire
Sigh. If DH and I had to have that he would still be working (he is 65) and I would be working for many more years as well (I still work part-time). We don't have anywhere close to 20 times our annual salary at the time he retired and and I went part-time. But, we're doing fine.
Ghilarducci is well known to be hostile to 401(k) and seems to want us all in annuities and she definitely slants what she says to make it seem like everyone is doing awful....