Author Topic: The Average American Can't Save Enough to Retire!  (Read 1400 times)

ducky19

  • Pencil Stache
  • ****
  • Posts: 515
The Average American Can't Save Enough to Retire!
« on: March 18, 2019, 09:58:22 AM »
I like to scroll through suggested news articles on my lunch break, and came across this gem.

https://www.forbes.com/sites/johnmauldin/2019/03/15/the-average-american-cant-save-enough-to-retire/#7aa4821f63de

Strangely enough, it was right above an article announcing LG's pricing and availability of the new model year's OLED smart TV's!

https://www.techhive.com/article/3367745/lg-announces-pricing-and-availability-of-its-2019-oled-smart-tv-lineup.html

I think I may have found the reason they can't save....

eljefe-speaks

  • Stubble
  • **
  • Posts: 221
Re: The Average American Can't Save Enough to Retire!
« Reply #1 on: March 18, 2019, 02:53:21 PM »
Standout line:

"The simple fact of the matter is, it takes enormous discipline to save even 6% for your 401(k) at [$40,000 / yr]."

Really?

SpeedReader

  • Stubble
  • **
  • Posts: 139
  • Age: 53
  • Location: Lynnwood, WA
Re: The Average American Can't Save Enough to Retire!
« Reply #2 on: March 18, 2019, 10:40:07 PM »
It does seem to take more discipline than some people have, anyway.

nereo

  • Walrus Stache
  • *******
  • Posts: 9855
  • Location: la belle province
    • Here's how you can support science today:
Re: The Average American Can't Save Enough to Retire!
« Reply #3 on: March 19, 2019, 05:24:10 AM »
Standout line:

"The simple fact of the matter is, it takes enormous discipline to save even 6% for your 401(k) at [$40,000 / yr]."

Really?
Gee - I wish someone had told me that when I was saving ~17% of my income and only earning $32k. Granted I didn't even have a 401(k) option at the time, but still managed to max out my IRA.