True story…I am 52, have absolutely zero savings, assests, investments, pension, ira, 401k, etc. I have no money other than what I make week to week. Single, no children, will not be inheriting anything, rent an apartment. What do I do?Facebook retirement group post
So, I asked, why is all that true. The reply was “personal choice”. Later she mentioned she also has $30,000 in credit card debt.
Based on what she stated was her projected Social Security benefit, she appears to be earning between $65,000 and $70,000 – which the poster confirmed.
It won’t be easy digging out of this hole and unless she plans on Social Security starting at age 70, retirement won’t be likely and perhaps not pleasant.
I can’t help but think how Sen Sanders and friends would characterize this story – living paycheck to paycheck, struggling working Americans, reason for higher Social Security benefits – probably blame Musk and CEOs