XPost: alt.economics, rec.aviation.military, or.politics   
   XPost: fl.politics, alt.law-enforcement   
   From: bax02_spamblock@baxcode.com   
      
   a425couple  wrote in news:moh2R.377385$LrS.227176   
   @fx09.iad:   
      
   > On 12/21/25 09:29, 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   
   >>>   
   > ------   
   >>> 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.   
   >>>   
   > ----------   
   >>> 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.   
   >>   
   > Here is another proof that Baxter has his senile head on ass backwards.   
   > Baxter / Webbster quit learning about economics at the 3rd grade level.   
   >   
   > He thinks:   
   > Elon Musk does not want people to be able to afford $40,000 to   
   >     $90,000 for a Tesla.   
   > Jeff Bezos does not want the common man to be able to buy books   
   >     and other items big and small thru Amazon.   
   > Bill Gatesdoes not want people to buy Microsoft products on their   
   >     home and business computers.   
   > Or that Steve Jobs, Steve Wozniak, and Ronald Wayne in 1976,   
   >     did not want people to buy Apple computers,  iMac, iPod, iPhone,   
   >     and iPad for their homes.   
      
   ridiculous arguments don't prove anythin   
   >   
   > Henry Ford was one of the wealthiest people in history, becoming   
   > incredibly rich by making cars affordable for the masses with the Model   
   > T, often cited as one of the richest Americans ever, with a peak net   
   > worth potentially reaching hundreds of billions in today's dollars.   
   > Henry Ford was proud that he paid much higher than common wages and   
   > that his workers could afford to buy his cars.   
   >   
   Henry Ford's success was because he paid his workers better than other   
   rich capitalists so that they could afford to buy his product.   
      
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   United we ribbit, divided we croak   
      
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