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1, Jul 5, 2013

Postpone retirement for lacking of retirement savings

Filed under: Money — admin @ 12:58 am

I read these “5 Shocking Retirement Facts” on 7/1/2013, written by Christian Hill.

“…millions of Americans still have a dismal outlook when it comes to their own ability to retire. Consider these five statistics:

(1) 46% of Americans have less than $10,000 saved for retirement. (Employment Benefit Research Institute)
(2) 40% of baby boomers now plan to work until they die. (AARP)
(3) 36% of Americans say they don’t contribute anything at all to their savings. [CNBC]
(4) 87% of adults say they are not confident about having money for a comfortable retirement. (Lifehappens.org)
(5) Expected retirement age is up to 67 from age 63. (Zero Hedge)”

That’s a rather depressing picture of one’s senior years. Why didn’t people save while they can so that they can retire early like this Mr. Money Mustache, the man who retired at 30?

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