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re: Why don't more wives demand their own retirment account?
Posted on 7/21/17 at 2:09 pm to Mingo Was His NameO
Posted on 7/21/17 at 2:09 pm to Mingo Was His NameO
quote:
A large portion of the country doesn't save for retirement/understand investments. The ones that do understand this concept are not going to be stay at home spouses.
Well that couldn't be more wrong.
1
Posted on 7/21/17 at 2:21 pm to notsince98
quote:
Well that couldn't be more wrong
According to Forbes in 2016 45% of Americans had no retirement savings. Of the 55% that do have retirement savings what do you think the percentage is that are actively investing or involved? Most are just getting part of their check taken out for their 401k and don't have much financial knowledge beyond that. So let's say 20% of the 55% are active in the markets and/or understand the finance of their retirement savings. What percentage of that is stay at home spouses that are raising kids full time? I'll give you half (which I think is way too high), that's only 6.5% of Americans.
If you can explain how that is completely wrong I'm all ears.
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