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Description: The American retirement dream is turning into a horrifying nightmare. Millions of Americans will simply not be able to retire let ...
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Epic Economist

Data

Text duration start ents sentiment
income of three thousand six hundred 5.82 Jump to 54.36 DATE three thousand six hundred
dollars when they will need about 20 5.34 Jump to 56.94 CARDINAL about 20
course we have all dreamed at one point 4.44 Jump to 97.38 CARDINAL one
digital Third Coast a marketing firm 4.559 Jump to 156.9 LOC Third Coast
worryingly tenuous for about 67 percent 7.34 Jump to 223.56 PERCENT about 67 percent
three very important sources of income 4.86 Jump to 247.68 CARDINAL three
three-legged stool of retirement it is 4.8 Jump to 252.54 CARDINAL three
rooted in the premise that any one of 3.84 Jump to 255.42 CARDINAL one
alone but that together the three legs 5.879 Jump to 259.26 CARDINAL three
problem is that since 2000 each of these 6.84 Jump to 265.139 DATE 2000
Three Lakes has become wobbly and the 5.34 Jump to 268.62 CARDINAL Three ORG Lakes
depleted by 2030. that is only seven 7.5 Jump to 292.259 DATE 2030 CARDINAL only seven
three-legged stool may look more like 4.321 Jump to 334.259 CARDINAL three
retirement system to one in which each 5.34 Jump to 341.52
65 year old worker planning for a 4.56 Jump to 357.9 DATE 65 year old
possible 30-year retirement will need 4.22 Jump to 360.18 DATE 30-year
1.8 million dollars to generate an 7.54 Jump to 364.4 MONEY 1.8 million dollars
annual income of 75 000 a year in 6.901 Jump to 367.979 DATE annual CARDINAL 75 000
Americans between the ages of 55 and 64 6.901 Jump to 377.039 NORP Americans DATE between the ages of 55
is currently zero 5.5 Jump to 380.84 CARDINAL zero
their average balance is only eighty 5.399 Jump to 388.74 CARDINAL only eighty
eight thousand dollars which would 4.621 Jump to 391.979 MONEY eight thousand dollars
provide a mere three thousand six 4.201 Jump to 394.139 DATE three thousand six
hundred dollars per year in retirement 4.379 Jump to 396.6
20 times bigger than it is right now 6.361 Jump to 400.979 CARDINAL 20
two-thirds of income earners about to 4.799 Jump to 407.34 CARDINAL two-thirds
studies reports that in 2023 69 percent 7.32 Jump to 430.86 DATE 2023 PERCENT 69 percent
retirement benefits in 2023 can receive 6.419 Jump to 450.9 DATE 2023
per month is three thousand and seventy 7.28 Jump to 454.08 CARDINAL three thousand and seventy
dollars for someone who files at age 70 6.901 Jump to 457.319 DATE age 70
2661 dollars for someone who files at 6.16 Jump to 461.36 MONEY 2661 dollars
full retirement age and two thousand one 5.4 Jump to 464.22
hundred and nine dollars for someone who 5.76 Jump to 467.52 MONEY hundred and nine dollars
files at age 62 and the only wobbly leg 6.96 Jump to 469.62 DATE age 62
employer-sponsored 401K plans of being 5.8 Jump to 481.16 CARDINAL 401 ORG K
26.5 percent in 2022 which can 7.061 Jump to 496.099 PERCENT 26.5 percent DATE 2022
Department of Labor only 49 of the 6.42 Jump to 507.539 ORG Department of Labor
and only 17 percent of Americans had 5.901 Jump to 513.959 PERCENT only 17 percent NORP Americans
realize and workers between 55 and 64 6.779 Jump to 535.74 DATE between 55 and
hold on to their jobs for another 11 to 6.661 Jump to 542.519
20 years no wonder why 40 percent of 6.841 Jump to 545.459 DATE 20 years PERCENT 40 percent
situation in February 66 percent of 6.6 Jump to 563.22 DATE February 66 percent
to save for retirement 74 percent of 6 Jump to 571.74 PERCENT 74 percent
Baby Boomers and 73 percent of 4.74 Jump to 574.98 ORG Baby Boomers PERCENT 73 percent
savings moreover 43 percent of 4.68 Jump to 581.94 PERCENT 43 percent
that a large majority of us 59 are going 6.18 Jump to 603.18 CARDINAL 59
and more than a third of the workforce 6.12 Jump to 609.36 CARDINAL more than a third
inflation as some may think in 1980 5.401 Jump to 620.399 DATE 1980
75 672 in today's currency according to 8.46 Jump to 625.8 CARDINAL 75 672 DATE today
the U.S Census Bureau in 2023 that 5.64 Jump to 630.36 ORG the U.S Census Bureau DATE 2023
seventy Thousand Seven eighty four 5.7 Jump to 636 CARDINAL seventy Thousand
for jobs with has one two 5.341 Jump to 689.399 CARDINAL one two
savings gap of 30 trillion dollars this 6.479 Jump to 696.6 MONEY 30 trillion dollars
three trillion dollars a year as former 5.88 Jump to 703.079 MONEY three trillion dollars