2024-03-05 16:20:09 ET
Summary
- Over one third of Americans earning over $200,000 per year live paycheck to paycheck and have less than $2,000 in savings.
- 10,000 Americans per day are reaching retirement age, with the number of older adults set to double by 2050.
- Many Americans do not know how much they have saved for retirement and struggle to cover unexpected expenses. Planning for retirement is crucial.
"If you buy things you do not need, soon you will have to sell things you need."
— Warren Buffett
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For further details see:
How To Save For Retirement Using The Income Compounder Approach