Small House Book: "Do you realize that most people will not have any real money to retire on? It's true. Look at these sobering retirement statistics:
Take any 100 people at the start of their working careers and follow them for 40 years until they reach retirement age, and here's what you'll find, according to the Social Security Administration: only 1 will be wealthy; 4 will be financially secure; 5 will continue working, not because they want to but because they have to; 36 will be dead; and 54 will be dead broke - dependent on their meager Social Security checks, relatives, friends, even charity for a minimum standard of living. That's only 5% who retire with the American Dream."
Tuesday, November 30, 2010
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