“Only 58% of us are even saving for retirement in the first place. Of that group, 60% have less than $25,000 put away … a full 30% have less than $1,000.” According to Nielsen Claritas, Americans age 55 to 64 have a median net worth of $180,000 — less than they’ll likely need for health care spending alone during retirement. — According to ConvergEx Group
“The entire concept of retirement is unique to the late-20th century. Before World War II, most Americans worked until they died.”
“According to the Centers for Disease Control’s actuary tables, someone born in 1950 could expect to live to age 68.2, while someone born in 2010 could expect to live to 78.7.”