Thread: Money Investing megathread extravaganza
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Old 11-10-2016, 08:42 AM   #469
Amnorix Amnorix is offline
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Join Date: May 2003
Location: Boston, Mass.
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Quote:
Originally Posted by DaneMcCloud View Post
The bottom line for me is that if I was earning $60k a year but $50k in debt with CC companies with 20% interest, I'd be freaking out and probably unable to sleep.

I'm not kidding when I tell you that some disturbingly HUGE percentage of America is basically in this boat, which is a huge part of why people are so disaffected and voted for "Hope and Change" in 2008 and for Trump in 2016.

MEDIAN savings (half of population above, half below) for people aged 56-61 is $17,000. SEVENTEEN thousand. It's ****ing mind-boggling.

Quote:
Nearly half of American families have no retirement account savings at all.
Quote:
Whereas the average savings of a family with members in the 32-to-37 age range is $31,644, the median savings is a bleak $480. At the other end, the average savings of families 56 to 61 — those nearest to retirement — is $163,557. The median is $17,000.




http://www.businessinsider.com/how-m...irement-2016-3
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