Jun 12 2020

How much does the average American family earn in 2020? Why household income figures are going to get shattered because of Covid-19 and 65 million Americans on Social Security

The typical American family was already having a tough time prior to Covid-19 and many were living paycheck to paycheck. Surveys conducted prior to Covid-19 showed that 1 out of 3 Americans were not able to sustain an emergency expense of $1,000. As many of you know, even a small illness would shatter this amount. […]

Apr 23 2017

The epic retirement crisis for older Americans: The median family of retirement age has $12,000 in savings.

Given the discussion of 401ks and IRAs you would think that most Americans have a nice nest egg ready to support them into their margarita drinking days on the beach.  Yet like most dreams, the reality is very different.  Most Americans are broke.  The Economist put out some data highlighting that the median family of […]

Dec 26 2016

The near extinct pension – US pensions aggressively invest in equities relative to other countries to make up for shortfalls.

The pension is nearly extinct.  Overly optimistic returns left many pension plans practically insolvent and not ready to adapt to a low yield environment.  The benefit of pensions however is that it forced people to save over time for retirement.  What we have learned via the 401k is that when left to their own devices, […]

Dec 17 2016

The 401k has been a disaster for most Americans: Only 44 percent of private sector workers participate in a defined contribution plan.

Failing to plan is planning to fail.  If this is true, most Americans are planning to live in retirement with very little money and are going to rely heavily on Social Security to get by.  That is the case today where most retirees get the bulk of their income from Social Security.  Back when the […]

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