“Perhaps you’ve heard that we have a pretty serious problem with retirement planning in the United States. Over half of all baby boomers have less than $250,000 saved in retirement accounts — a sum that by itself would only allow for $833 in cash per month.
At the same time, some pretty alarming trends are pinching America’s middle class. As calculated by Bard College economics professor Pavlina Tcherneva, the bottom 90% of U.S. workers have largely missed out on the economic expansions since 1982.”
via Retirement Planning: The Ridiculous Expectations of the Middle Class.
