Quote:
Originally posted by SoCal911SC
Interesting article - I always wonder about those, though.
How can a retired person have a net worth of only $199,000?!? How can anyone retire having so little? A 65 year old can easily live another 20 years. Fixed income of $32K, and a nest egg of only $199K doesn't sound like a fun or secure way to spend those 20 years.
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Ha - its worse than that. Remember those are median figures, so half of people are below it...
I believe this is where a quote like "find out how the other half lives" is appropriate. Its statistics like those that make me a proponent of a sufficient level of welfare.