The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for. It's especially difficult for people who are retired.

Thanks for keeping us buds, I got a 150K mortgage, bought 75k worth of Brett with it. from profit of 10k capital.. .......

What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.

If they taught finance from a young age, this would never happen. Ask yourself why they don't.

Private pensions is theft. I work in the pension industry, the politicians and lobbyists who privatised pensions understood the behaviour of the avg joe and new it would result in this disaster. Personally i am doing very well as an individual, but as a patriot who wants the best outcome for my fellow countrymen, we should do what they do in other countries and just get state pension funds under public ownership (We The People) to manage pensions. Absolutely nobody needs to hit retirement and have such a low pension.

Financial education needs to be taught in schools

What kind of bail out do we get? HAHAHAHA

I'm glad to see the younger generation starting early, at 18. If you are not in the position to save or are not thinking about it, you need to. Here are real-world facts from a working class who spent 12 years as a production hourly employee, two years as a software engineer, and 12 years in a leadership role. In 1998, as a production employee, my top pay was $17.50. Gas was $.99 per gallon. Milk was $1 per gallon. Rent was around $725 per month. A ranch-style house with four beds and two baths was around $125,000. Fast forward to today. Hourly production pay ranges between $18 - $25. Gas has been hovering around $3.80 per gallon. Milk has been around $2.99 per gallon. Rent is a whopping $1,250 per month!!! The same style home is around $285,000. The cost of life necessities has doubled or tripled in 26 years, but pay has been lagging. These are facts in West Michigan. Financial literacy is critical. You cannot outearn or outsave inflation! It is not how much money you make; it's how much you keep. The gap between income and expense can be employed to work for your future self. Money making money is much more efficient than you and I can. Creating the gap is not easy, but it is achievable with the proper education and mindset. I am 46, which makes me a Gen Xer. I'm blessed and fortunate to have turned the corner from a consumer mindset to a wealth-building mindset. But the gaps between the haves and have-nots continue to widen. The pay structure, government policies, and rising cost of living are outside my control, but I dedicate my time to inform and inspire people to achieve true freedom. If you are in a position to help those less fortunate than you, please do. Knowledge is power, and knowledge should be free.

This lady is wrong. Take SS at 62 earliest you can. Youll be receiving money for 8 years longer. Even if it is less you can still invest and make more

00:10 You're supposed to have at least 8x annual INCOME saved? Where did that rule come from?

Lol 55k is less than one year annual income. What are these old people doing when they were younger? Spend every single penny. Lolll

Or instead of waiting until age 70 you can take SS now and invest it. Why wait when the SS Administration states on their website benefits will drop by 70% in ten years.

Consumerism at its finest! Everyone living beyond their means…

Retirement is a thing of the past, especially for millennials and gen Z. First-time home ownership is OVER in the US for middle and lower class. The only people that can afford future luxuries (like a home and retirement) are people with family that are able to help them financially.

Well,....I am 64 with almost 1 million saved for retirement.,.......so I sleep very well.

The number of people starting in their early 20s is also increasing. This is a fact. The problem is that if you don't borrow money, you don't have money.

0:56 this will really blow your mind… who pays for convalescence living? Do you know how much it costs?

I resemble that remark... 😐

50k omg 😢 that’s nothing. Hope they have a pension like me

People in the age range of 18-22 are not really investing just throwing a few dollars at penny stocks because of the get rich mantra created on the internet.

Work for as long as you can. Hold off on SS as long as possible. How very encouraging. If you manage to croak at the average age in the US, you'll have about 3 to 7 years to reap the benefits of your sacrifices

No pity for these folks. If you just saved $200 per month for 30 years and grew it at 10% per year (100 year historical avg for the S&P) then you would have at least $437,754