Here are some basic facts of retirement life:
At Age 65:
- 45% are dependent on relatives
- 30% are dependent on charity
- 23% are still working
- 2% are self sustained
- 1 % are wealthy
- 62% have less than $6,000 annual income
- 80 % have incomes of less than $15,000 per year including Social Security
Source: Social Security Administration
Personal Worth:
- Fewer men are worth more at age 65 than at age 18.
- 85 out of 100 People reaching age 65 do not even have $250
- This is after 45 years of hard work.
Source: Deve’s Economic Tables
Financial Planning:
- 93% of the men at age 65 who have failed financially said it was because of a lack of a plan
- Not one person in the United States has deposited money regularly for 20 years
- 97% loose money in Stock Market Investments
- 2% Break even in Stocks
- 1% Make money in Stocks