ktc
Seventy-five percent of Americans nearing retirement age in 2010 had less than $30,000 in their retirement accounts.
...but they all have big screen tv's and smartphones.
Almost half of middle-class workers, 49 percent, will be poor or near poor in retirement, living on a food budget of about $5 a day.
...too bad they pissed all their money away keeping up with the joneses.
To maintain living standards into old age we need roughly 20 times our annual income in financial wealth.
...and if they didn't save up that much is it the job of folks who lived frugally to make up the difference?
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