By Alexander Green According to the Federal Reserve’s 2020 Survey of Household Economics and Decision Making, 26% of non-retired Americans have no retirement savings.
None. Zero. Zilch.
In fact, 35% of Americans said they would have difficulty covering an unexpected $400 expense.
This has brought on the predictable complaints about economic inequality, our “rigged” system and how capitalism is broken.
That’s Bravo Sierra. And you know it.
Let’s consider a few basic facts… always a good starting point.
In 2019, U.S. median household income reached a record $68,703.
Unemployment is declining. Wages are growing.
And, as the Federal Reserve recently reported, U.S. household net worth is also at a new all-time …read more
