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Replies: 9
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Legend [6935]
TigerPulse: 89%
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Joined: 2008
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If economy goes into Armageddon mode
Mar 12, 2025, 1:43 PM
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What are your plans? I know some of us are near or past retirement age. Here's data I found on savings amounts:
Net Worth Distribution (including homes) (Ages 65–74) from SCF (2022)
| Percentile | Net Worth ($) |
|---|
| 10th | $10,000 | 25th | $94,000 | | 50th (Median) | $409,900 | | 75th | $1.17 million | | 90th | $3.3 million |
Retirement Account Balances (401(k), IRA, etc.) for Ages 65+ (Vanguard, 2023)
| Percentile | Retirement Savings ($) | | 10th | $10,000 | | 25th | $32,000 | | 50th (Median) | $87,700 | | 75th | $280,000 | | 90th | $861,000 |
SCF = Federal Reserve’s Survey of Consumer Finances
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Tiger Titan [48917]
TigerPulse: 100%
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Joined: 1998
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Why are we even having to have this discussion?
1
Mar 12, 2025, 2:36 PM
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Oh yeah. I know.
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Clemson Icon [27537]
TigerPulse: 100%
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Joined: 2024
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Re: If economy goes into Armageddon mode
5
5
Mar 12, 2025, 2:39 PM
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I think we should make dog food out of the elderly that didn't plan well.
Musk 2028
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Valley Legend [12278]
TigerPulse: 100%
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Joined: 1999
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Re: If economy goes into Armageddon mode
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Mar 12, 2025, 6:56 PM
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all because old people don't buy teslas, thanks musk
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All-In [10816]
TigerPulse: 100%
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Soylent green
Mar 12, 2025, 8:47 PM
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That's my plan
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Asst Coach [858]
TigerPulse: 92%
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Soylent Green is
Mar 12, 2025, 8:53 PM
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People cookies
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Legend [6935]
TigerPulse: 89%
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Joined: 2008
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So none of you lefties believe
Mar 13, 2025, 5:41 PM
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this is the beginning of the end?
Hmm. How many millions will it take to retire? Trump is trying to make it so you can never retire, so you have to keep paying taxes so his financial model works.
Am I getting that right?
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CU Medallion [18393]
TigerPulse: 100%
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Joined: 2016
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Re: So none of you lefties believe
Mar 14, 2025, 9:34 AM
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Yep, thats the way its done NC. Keep the ones not retired working so they contnue paying into SSA so I can sit on the couch and watch FOX News.
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Oculus Spirit [43176]
TigerPulse: 100%
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Joined: 1998
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dems will get elected
Mar 14, 2025, 1:10 PM
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And ramp up social programs to take care of me
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National Champion [7391]
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I hope the 401k plans of every MAGA Boomer voter tap out
Mar 14, 2025, 8:32 PM
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Most never Trumpers got out of the market a couple months back
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