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Honored Contributor
lolakimono
Posts: 54,451
Registered: ‎03-29-2012

Why it pays to be ABOVE average...

‎08-15-2012 09:51 AM

I found this article online this morning.

http://www.dailyfinance.com/2012/05/08/what-the-looming-retirement-bubble-means-for-you/

Here are three "scary" statistics from the article:

  • Americans 10 years away from retirement have saved just $78,000 on average, even though the Employment Benefit Research Institute says the average worker will need to have saved $900,000 to maintain his or her lifestyle after retirement at 65.

  • The average American has saved just 7% of what he or she hoped to retire on.

  • 25% of middle-class Americans now say they plan to work until age 80.
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