2007-01-24 12:25:14 · 3 answers · asked by maurice m 1 in Business & Finance ➔ Personal Finance
I am refering to the average american.
2007-01-24 12:27:25 · update #1
I am Canadian, and I have about $140,000 ready cash, as well as locked in retirement investments.
2007-01-24 12:39:07 · answer #1 · answered by Fred C 7 · 0⤊ 0⤋
The Employee Benefits Research Institute reports that more than half of workers 45 to 54 have saved less than $50,000 for retirement. A recent Fidelity study found that the average boomer is on track to replace just 60% of his or her current income in retirement, even with help from Social Security and pensions. Why so unprepared? The easy explanation is that baby boomers are a generation of grasshoppers who fiddled away their youth when they should have been saving.
2007-01-24 12:54:57 · answer #2 · answered by JFAD 5 · 1⤊ 0⤋
less than 1,000
2007-01-24 12:32:30 · answer #3 · answered by Debt Free! 5 · 1⤊ 0⤋