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   XPost: fl.politics, alt.law-enforcement   
   From: smharding@verizon.net   
      
   On 12/21/25 12:29 PM, Webbster wrote:   
   > a425couple  wrote in   
   > news:PiU1R.160904$79B9.28240@fx14.iad:   
   >   
   >> from   
   >> https://finance.yahoo.com/news/guess-percent-retirees-1-million-1801055   
   >> 50.html   
   >>   
   >> Can You Guess What Percent of Retirees Have $1 Million Saved? Here's   
   >> The Average Net Worth Of People 65 and Up   
   >>   
   >> CoreWeave stock rallies, DraftKings launches prediction marketScroll   
   >> back up to restore default view.   
   >> Ivy Grace   
   >> Sat, December 20, 2025 at 10:01 AM PST 4 min read   
   >>   
   >>   
   >> 79   
   >> The idea of retiring with a $1 million nest egg has been sold as the   
   >> finish line for decades—but for most retirees, that number is out of   
   >> reach.   
   >>   
   >> Data from the Federal Reserve's Survey of Consumer Finances, shows   
   >> that only 4.7% of Americans have at least $1 million saved in   
   >> retirement-specific accounts such as 401ks and IRAs. Just 1.8% have $2   
   >> million, and only 0.8% have saved $3 million or more.   
   >>   
   >>   
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   >>   
   >> What Most Retirees Have in Retirement Accounts   
   >> Here's how savings actually look for retirees when split by age group,   
   >> according to the same Federal Reserve dataset:   
   >>   
   >> Age 65 to 74   
   >>   
   >> Average retirement savings: $609,230   
   >>   
   >> Median retirement savings: $200,000   
   >>   
   >>   
   >> Age 75 and over   
   >>   
   >> Average retirement savings: $462,410   
   >>   
   >> Median retirement savings: $130,000   
   >>   
   >>   
   >> While those averages may seem comforting, the median reveals the   
   >> reality most people face. Half of retirees 75 and over have less than   
   >> $130,000 saved—a figure that doesn't stretch far when you factor in   
   >> rising medical costs, inflation, and daily living expenses.   
   >>   
   >> In fact, according to Fidelity, older Americans should aim to have   
   >> around 10 times their pre-retirement income saved by age 67 to   
   >> maintain their standard of living. The gap between that target and   
   >> actual savings underscores why many retirees are left navigating tough   
   >> financial choices.   
   >>   
   > And this is all buy design by billionaires.  The poorer YOU are, the   
   > richer THEY are.   
      
   The economy isn't a zero sum game.  Someone who has lots of money hasn't   
   taken it away from those without.  The economy doesn't work that way.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)