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Crazy Number

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September 15, 2010 – Comments (1)

I was reading this and the number just makes me dizzy:

http://finance.yahoo.com/news/Retirement-on-Hold-American-cnbc-2085207793.html?x=0&sec=topStories&pos=main&asset=&ccode=

$6.6 trillion short...that is NUTS! I mean let's look at it from a population standpoint. There are approximately 307 million people...that's $21,498 per person. There are about 235 million at 18 or older which changes that number to $28,085. And I would argue that given the current rate of return, 3% as cited in the article might not be as conservative as they think.

Fool on,

Jason

1 Comments – Post Your Own

#1) On September 15, 2010 at 12:03 PM, russiangambit (29.27) wrote:

That is what I posted about yesterday here. People are realizing that the golden age has passed and they are trying to figure out who is to blame.

http://msncaps.fool.com/Blogs/road-to-prosperity-lost/446522

 

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