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re: Proposed 401k limit -- $2400 per year

Posted on 10/21/17 at 9:36 am to
Posted by bbrownso
Member since Mar 2008
8985 posts
Posted on 10/21/17 at 9:36 am to
So apparently, the median amount (50%) that Americans have saved for retirement is . . . $5,000.
quote:

But that number doesn't tell the whole story. Since so many families have zero savings and since super-savers can pull up the average, the median savings, or those at the 50th percentile, may be a better gauge. The median for all working-age families in the U.S. is just $5,000.


CNBC LINK

Yeah, the optics would be horrible to reduce it that much.
Posted by ghost2most
Member since Mar 2012
6680 posts
Posted on 10/21/17 at 9:41 am to
The average American, I'm thoroughly convinced, is a fricking retard.

The fact that so few in our country have the common sense to save scares the shite out of me in regard to this proposal.

Those mouth breathing redneck fricksticks won't give two shits about this because they don't contribute to 401Ks anyway.

They'll eat up whatever stupid soundbites in support of this go out there - the politicians are rich and don't give a shite either.

The responsible middle class once again gets fricked.

Welfare queens - not impacted.
Uber rich - 401Ks don't mean shite.
Stupid white trash living beyond their means - What's a 401K?

Middle class working Americans trying to be responsible and plan - frick YOU!
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
71538 posts
Posted on 10/21/17 at 12:48 pm to
Jesus. I'm a 29 year old and I already have 30k or so in savings, and I feel like I've kinda failed.
Posted by TigerintheNO
New Orleans
Member since Jan 2004
41248 posts
Posted on 10/21/17 at 1:56 pm to
It is amazing to me to see people in their late 50s early 60s having less than 20K saved for retirement.

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