Lead In: Only 40 percent of Gen X workers believe they’ll be able to save enough to retire comfortably, according to a September 2023 Bankrate survey. – Bank Rate Monitor, 1/10/2024
Hello and welcome to an audio intro to EP003 – 3 Things You Can Do Today to Beat the US Retirement Crisis
The US faces a retirement crisis, with many Americans lacking sufficient savings to live comfortably in retirement.
I’m Winn, your beloved leader of the Retirement Revolt.
You don’t have to accept the paradigm established by the financial industry and amplified in their press about how to live out your golden years stuck in the US.
I’m so happy you’re here with me, and that you’re enjoying the information and insights so far to build your retirement security!
Let me help you achieve retirement security
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In Episode 2, you learned the 4 tenets of the Retirement Revolt Philosophy.
Visit and get full access to Episode 2 at https://bit.ly/rrv002
In Episode 3, you get 3 ways to beat the Retirement Crisis that besets the US now.
The Do-It-Yourself US Retirement System is a labyrinth of avenues and alleyways to arrive with enough money to last in the later years.
Here is an excerpt of today’s episode:
The US Retirement Crisis is real.
An AARP (American Association for Retired People) survey in April of this year crystalizes the myriad research and media articles trumpeting the US Retirement Crisis.
One of its findings is disturbing:
20% of adults ages 50+ have no retirement savings, and more than half (61%) are worried they will not have enough money to support them in retirement.
The US Retirement Crisis could be called the US Savings Crisis.
According to the Bureau of Economic Analysis, the US savings rate slipped from 3.6% to 3.2% in April.
To add some perspective, according to YCharts:
US Personal Saving Rate is at 3.20%, compared to 3.60% last month and 5.20% last year. This is lower than the long-term average of 8.47%.
Taken together with other news items, there is no wonder.
CNN Money, citing Federal Reserve stats, reported that in the first quarter of this year, the percentage of credit card balances in serious delinquency (90 days or later) climbed to its highest level since 2012.
Recently, a spate of retailers and restaurants have shuttered stores because of uncertainties created by macroeconomic conditions, such as persistent inflation, low consumer confidence, and high interest rates, despite the recent 2 cuts by the Fed Reserve.
Runaway government spending in Washington sparked the current inflation crisis…
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I’m Winn, your devoted leader of the Retirement Revolt! 🚀✨
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