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Grim stats. . . *PIC*

Posted By: LongGone
Date: Friday - August 11,2017 12:33

(Salon.com) A 2015 U.S. Government Accountability Office report found that “about half of households age 55 and older have no retirement savings (such as in a 401(k) plan or an IRA).”

The National Institute on Retirement Security concluded that American households had a median retirement savings account balance of just $2,500, and the median for those nearing retirement was a mere $14,500.

Such meager savings make it extremely difficult for retirees to cover their out-of-pocket medical costs for co-pays, deductibles, and noncovered items such as hearing aids, which often reach several thousands of dollars per year. A prolonged period of long-term care on top of these costs is certainly not in most people’s budgets.

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Messages In This Thread

Grim stats. . . *PIC* (views: 12)
LongGone -- Friday - August 11,2017 12:33
Grim stats. . .North Korean submarine stealth-capable (views: 9)
MillRatUSMC aka Ricardo -- Friday - August 11,2017 14:54
The depend on their monthly Social Security check and Medicare.... which GOPers hate and opposed ... (views: 11)
Stimer -- Saturday - August 12,2017 09:20
Also, SS-Disability flooded with bogus claims. . . *PIC* (views: 8)
LongGone -- Saturday - August 12,2017 12:00
Hypocrites .... and they bitch about all the people welfare ... (views: 12)
Stimer -- Saturday - August 12,2017 15:18
Should U desire 2 acquire nicotine-addiction. . . (views: 10)
LongGone -- Saturday - August 12,2017 18:04

 

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