Most workers who aren’t saving for retirement through their employers aren’t saving at all, the study found
New data suggests the average American worker has under $1,000 saved for retirement.
A report from the National Institute on Retirement Security found that the median savings for all employed adults between the ages of 21 and 64 were approximately $955. The study includes workers with 401(k) and other retirement savings plans, as well as the approximately 56 million workers who do not have access to employer-sponsored retirement plans.
Workers with retirement savings plans have a median balance of approximately $40,000 saved, according to the report. That figure is nowhere near the $1.5 million that Americans say they need to feel comfortable fully retiring.
Past a certain point believing you can beat a horrendously rigged game designed to be as cruel as possible just blinds you to a starker reality, it is neither helpful for inducing positive systematic reform nor helpful for understanding yourself and your piled up failures in a loving light.
I don’t know why this person thinks you can leave the States for a grand. Thank you for trying to explain…