Fire Lord Jim
Well-Known Member
My first thought is that while half die with more money than they retired with, what about the other half? It's only saving for nothing if you are in the first half.I read a little bit of this and will read more after my next call. But something I heard recently is that more than half of retirees die with more money in the bank than when they retired. Talk about saving up for nothing!
My next thought is that people are living long enough that retirees are inheriting from 90 year old parents. People born before 1970 married at age 20; if they live to 85 their retired offspring inherit after retirement and end up wealthier than when they retired.
My final (for now) thought is Duh, we are measuring this in dollars, not purchasing power. I bet if we measured instead how many months I can afford the nursing home we would see a more sobering result.