But the reality is Americans are not prepared or even thinking about it. Financial literacy, knowledge of retirement plans, and savings rates are all way below what is necessary.
No, most of you ain’t fine!
Look at any survey of seniors and what you find is concern of food prices, inflation in general, medical costs and premiums.
Is that your future in retirement? It doesn’t have to be.
Read HumbleDollar every day. You will find real life stories from experts, and from average people planning to and already retired. You will read about problems faced, what went right and wrong, the mistakes made and the problems solved.
It’s free, nothing is being sold.
QUINNSCOMMENTARY 
“You will find real life stories from experts, and from average people planning to and already retired.”
I’ve read a few articles, and some are very informative, even for me. Not to be critical, but it’s a niche website, not useful for most people, like a four wheel drive, or a fishing blog.
For those below “average” income, and even more so for those below median income, it is virtually useless.
My youngest sister just retired at age 72 with only Social Security, and an older sister retired last year at over 80 on SS only. Both have several grown children who help.
But I am more curious about the top ten percent of household incomes. Do they even think about retirement at all? It would seem unnecessary, if one is “independently wealthy” because they literally made more money than they could spend, would they be interested in the Humble Dollar at all?
LikeLike
No retirement planning…
It was Pete Seeger, I believe, whose manager was also his money manager. Whenever Pete needed money, he just went to his manager and drew whatever he wanted/needed. He had no idea how much money he had. Later in life, he asked his manager how much was left. It was in the millions. “Then why the hell am I still working?” He told his manager not to book any more shows.That lasted several months, till he got bored and started performing again. This may be true, I didn’t get it off the web. It was AM radio.
LikeLike
Now retired, I was always very focused on preparing and planning for the future during my career. I once read there are two kinds of people: those who live to work, and those who work to live. However, I always thought a better plan was to, “work to not work”. – I enjoy a comfortable retirement.
LikeLiked by 1 person
Ken,
I agree with Stephen, that lower income individuals would not be a targeted audience for the Humble Dollar. However, a basic finance curriculum should be a required in school systems, starting in grade school and advancing in high school. Colleges and universities should consider a selected amount of finance courses as a requirement for graduation similar to sociology and literature courses. Maybe students would be better prepared to live within their means and not seeking immediate gratification.
LikeLike
Read it all the time–excellent publication–brother Quinn has material used and enjoyed his latest musing–
worked with many folks who are retired on their finances and some with earnings as low as $12,000 annually–their key and the key for most is living within their means–control spending and you can most probably get through this period of your life–these are not folks who are on your Viking River Cruise–thy live frugally–Medicaid steps in when nursing home expenses exceed a certain dollar amount.
It sure would have been advantageous if retirement planning had started when they began working but for many reasons they missed the boat.
LikeLike