Showing posts with label retirement. Show all posts
Showing posts with label retirement. Show all posts

Wednesday, March 10, 2010

Many People Don't Want to Retire

Dave Ramsey mentioned yesterday that a significant portion of Americans have no intention to retire. Twenty-seven percent of Americans have less than $1,000 in savings toward retirement! And 43% of Americans have less than $10,000 saved. A typical social security ckeck barely covers rent in a half-decent apartment these days, so that isn't going to go very far.

I'm a pretty cheap person, but I don't think $10,000 will last me very long when I retire, especially when inflation is factored into the equation. You can read a full article on the topic at CNN Money here.