XPost: alt.economics, rec.aviation.military, or.politics   
   XPost: fl.politics, alt.law-enforcement   
   From: bax02_spamblock@baxcode.com   
      
   Stephen Harding  wrote in news:10i9t1j$330hh$1   
   @dont-email.me:   
      
   > 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.   
   >   
   Actually, that IS what has happend   
      
   ===========   
   The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%—And   
   That’s Made the U.S. Less Secure   
      
   his is not some back-of-the-napkin approximation. According to a   
   groundbreaking new working paper by Carter C. Price and Kathryn Edwards   
   of the RAND Corporation, had the more equitable income distributions of   
   the three decades following World War II (1945 through 1974) merely held   
   steady, the aggregate annual income of Americans earning below the 90th   
   percentile would have been $2.5 trillion higher in the year 2018 alone.   
   That is an amount equal to nearly 12 percent of GDP—enough to more than   
   double median income—enough to pay every single working American in the   
   bottom nine deciles an additional $1,144 a month. Every month. Every   
   single year.   
      
   Price and Edwards calculate that the cumulative tab for our four-decade-   
   long experiment in radical inequality had grown to over $47 trillion from   
   1975 through 2018. At a recent pace of about $2.5 trillion a year, that   
   number we estimate crossed the $50 trillion mark by early 2020. That’s   
   $50 trillion that would have gone into the paychecks of working Americans   
   had inequality held constant—$50 trillion that would have built a far   
   larger and more prosperous economy—$50 trillion that would have enabled   
   the vast majority of Americans to enter this pandemic far more healthy,   
   resilient, and financially secure.   
      
   https://time.com/5888024/50-trillion-income-inequality-america/   
      
   =============   
   Since 1975, $79 trillion has been redistributed from the bottom 90% to   
   the top 1%   
      
   https://www.nationofchange.org/2025/03/05/since-1975-79-trillion-has-   
   been-redistributed-from-the-bottom-90-to-the-top-1/   
      
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