cover of episode Why Millions of Americans Are Financially Unprepared

Why Millions of Americans Are Financially Unprepared

2024/11/22
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InvestTalk

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The episode begins by discussing the financial unpreparedness of millions of Americans for retirement, highlighting the reliance on Social Security and the lack of foresight and financial literacy.
  • 14% of retirees rely almost entirely on Social Security.
  • Average Social Security check is $1,920 per month.
  • Lack of financial literacy and foresight contribute to inadequate savings.

Shownotes Transcript

In the U.S., nearly 14% of retirees rely almost entirely on the average Social Security check of $1,920 per month.

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