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re: Why don't more wives demand their own retirment account?
Posted on 7/21/17 at 2:36 pm to Mingo Was His NameO
Posted on 7/21/17 at 2:36 pm to Mingo Was His NameO
quote:
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.
You picked the wrong part of your statement to defend. Stay at home mom's are just as financially literate as any other group.
1
Posted on 7/21/17 at 2:42 pm to notsince98
Maybe, but I don't think so. Really the only financially literate group in the country is people in accounting/finance, maybe business owners. If someone is financially literate in a group outside of that I consider them an outlier not part of the norm. What percentage of stay at home moms have a background in accounting/finance?
Again I'm all ears if you have actual data to support your claims and am willing to learn and changing my opinion if you have any evidence. Just saying your wrong, however, is pointless and lazy.
Again I'm all ears if you have actual data to support your claims and am willing to learn and changing my opinion if you have any evidence. Just saying your wrong, however, is pointless and lazy.
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