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Discuss issues related to business, finance, taxes, investments, cost of living in different countries, etc.
3 posts • Page 1 of 1
33 percent of the US population have no money saved for retirement and an additional 23% of Americans have less than $10,000 saved for retirement.
"When I think about the idea of getting involved with an American woman, I don't know if I should laugh .............. or vomit!"
"Trying to meet women in America is like trying to decipher Egyptian hieroglyphics."
USD 10.000,- savings for retirement is a joke.
I am from Europe, my retirement allowance is really good, every month paid on time up to the end of my life, including medical care for life. But don't ask me how long it took me to finally reach for what I was working since decades. I am retired since a few months as I am now 65, but I was working full time since my 17th birthday.
If you have no retirement allowance, you might calculate retirement with 65 and for at least 20 years to be financially secure, you need about USD 2000,- per month and this will require around USD 500.000,- in your savings account. AT LEAST! Otherwise you might end up as an old person who is suffering a miserable life in deep poverty.
According to this video, it seems maybe only 10 percent of the US population can afford to retire, when they are around 60 to 65 years old.
Couple of things I've seen over the years: