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Nobody is ready for this number the median American worker has $955 saved for retirement not 955k. 955 dollars… When it comes to this conversation people tend to quote the average. But a handful of rich savers drag the average up and hide the fact that the guy in the middle has basically nothing. and here's what drives me mad... everyone calls this a discipline problem. "should've saved more" But you cannot save your way out of this The whole plan was: earn a wage, buy assets and hold for 40 years. It worked when wages kept up with assets. they don't anymore. wages have lost HALF their purchasing power vs the S&P since 2008 So you're told to buy the one thing that runs away from your paycheck faster every year Even people who did everything right are still screwed. It's not them. it's the plan. I wrote out my thoughts on this in full today I’ll link the piece below. https://t.co/QNhgc5xyMT