Your Retirement Savings: Why MILLIONS Have Under $1000! Social Security Doomed?
Did you know the median American adult between 21 and 64 has a shockingly low $955 saved for retirement? This alarming statistic reveals a looming financial crisis for millions, as many prioritize daily survival over long-term savings. Even workers nearing retirement age, 55 to 64, typically only have $30,000 socked away, far short of financial security. A significant factor is the lack of employer-sponsored retirement plans for nearly half of US workers, forcing them to save on their own, which few actually do. Compounding the issue, the Social Security Trust Fund could face depletion in just seven years, threatening benefits for countless seniors. To navigate these complex financial waters, consider subscribing to our channel for essential personal finance insights.
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