by now. The kind of damage Uncle Joe has done you’re gonna need at least 3-5 X that number. Your dime is not worth a nickel:
“The Federal Reserve’s most recent numbers show that households in the 90th to 100th income percentile have a mean retirement savings balance of $913,300. Yet, households in the bottom half of the income percentile hold much less: a mean of $54,700 in their retirement savings accounts.”
finance.yahoo.com
“The Federal Reserve’s most recent numbers show that households in the 90th to 100th income percentile have a mean retirement savings balance of $913,300. Yet, households in the bottom half of the income percentile hold much less: a mean of $54,700 in their retirement savings accounts.”
This economist says 401(k)s tend to benefit the richest Americans — here's how to make yours work for you
She says “40 million middle-class workers” will be “poor or near-poor elders.”
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