RetirementCrisis

The Retirement Crisis Has Already Begun – And Nobody’s Ready
America faces a growing retirement crisis as millions of Baby Boomers enter retirement with little savings. The average 60-year-old has around $500,000, but a comfortable retirement needs about $1.8 million. With rising inflation and longer lifespans, many will struggle financially.
The traditional “three-legged stool” of Social Security, pensions, and personal savings is collapsing. Social Security could run dry by 2034, pensions are fading, and savings are often too low. Most Americans lack financial education, and many advisors ignore clients with less than $100K in assets.
The video argues for a mindset shift — retirement isn’t an age, it’s wealth. Real freedom means your investments cover your expenses. You can’t save your way to wealth — you must invest. Over 50 years, the S&P 500 rose 4,000%, while household income grew only 600%. Consistent, patient investing in assets like the S&P 500 or real estate is key.
Wealth starts with knowledge — learning how money, taxes, and investing work. Books like Rich Dad Poor Dad and Total Money Makeover offer strong foundations. Finally, protecting your wealth through taxes, insurance, and legal planning ensures long-term security.
The crisis is real — but those who learn, invest, and protect their wealth can turn it into opportunity.
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