XPost: alt.economics, rec.aviation.military, or.politics   
   XPost: fl.politics, alt.law-enforcement   
   From: j63840576@gmail.com   
      
   Daniel wrote:   
   > a425couple  writes:   
   >   
   >> 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.   
   >>   
   >> 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.   
   >   
   > One of the many weaknesses of the left is the inability to think   
   > critically or, worse, long term. It's never the fault of the poor for   
   > being in their situation. One can always blame someone or something else   
   > for it. Why do we see such a small percentage of seniors with million   
   > dollar retirement portfolios? The billionaires. Is there   
   > complexity in the situation? Nope. Local issues? Nope. Nuance? Nuh   
   > uh. Anything else? Never! It's always the billionaires.   
   >   
   > Take a very complicated, widescale social issue and assign a blame. If a   
   > problem doesn't exist, manufacture one and find a victim. It'll be a   
   > highlight on npr in no time.   
   >   
   > Daniel   
   > sysop  : air & wave bbs   
   > finger : calcmandan@bbs.erb.pw   
   >   
   One of the many weaknesses of the right is the ability to live in   
   magical fantasy land with a skewed liar's landscape. Just like Trump   
   spends half his time telling lies, the right fool themselves into   
   believing they are always right and that everyone else is out to get   
   them. Why don't we see 1600 people hanging from scaffolds over Jan. 6,   
   2020? It's because the right has lied and said that violence against the   
   existing regime was good. There is no evidence of a stolen election.   
   Nuance? No, outright lies.   
      
   --   
   xGytDsqkQY8   
      
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