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re: One in four Americans has more debt than savings

Posted on 2/22/12 at 3:40 pm to
Posted by iknowmorethanyou
Paydirt
Member since Jul 2007
6551 posts
Posted on 2/22/12 at 3:40 pm to
Over 90% of the US population retires with under $50K in personal savings. The problem only begins to rear its ugly head during the working years...
Posted by Tiger at Law
Baton Rouge
Member since May 2007
2990 posts
Posted on 2/22/12 at 3:49 pm to
quote:

Over 90% of the US population retires with under $50K in personal savings


Posted by CoolHand
Member since Dec 2011
2084 posts
Posted on 2/22/12 at 3:49 pm to
quote:

Over 90% of the US population retires with under $50K in personal savings. The problem only begins to rear its ugly head during the working years...


What scares me is what's going to happen to the few of us that properly prepare for retirement? Will it just be redistributed at some point?
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15054 posts
Posted on 2/23/12 at 12:37 pm to
quote:

Over 90% of the US population retires with under $50K in personal savings.

Does this count people with defined benefit pension plans? Because those people were basically encouraged to retire with zero savings, and assuming the pension doesn't go tits up it's not really a problem for them.
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