Would they like to?

Trading stocks is probably the worst investment strategy any normal person with a market-unrelated job and life responsibilities could pursue, with almost guaranteed losses in the long term. Good on you for identifying the high risk early in life- never forget it. That being said, there's very strong arguments for investing in stocks, but do it the boring way: large blended ETFs with a low expense ratio (like VTI, VTV, VOO, VXUS, or the Boglehead favorite: VT) or mutual funds. Don't "trade," buy and hold and try to forget you even have a brokerage account housing those blended, diversified funds. Try to use tax-advantaged vehicles as much as possible, like a Roth IRA or a Roth option in a 401k. Your mortgage APR is what? 4-7%? The market should definitely outperform that in the long term, and you can reduce your exposure to acute transient shifts even more by dollar cost averaging into your savings. I'm all for paying off debt as quickly as possible, for the psychological benefit, but there's also the rate race of your investment's probable APY vs your debt's APR.

This also seriously depends on the employer. One of the first things that gets slashed during benefit cuts is reitrement accounts, because they're an easy target and you're not "losing" the money.

Not a bad guess at all.

“He worked so hard, we loved him. Were like family here. KThxBye.”

The pizza dough contains potassium bromate which may be carcinogenic

I mean, it took starvation for them to start burning shit the first time. But at least they learned from that, and haven’t let it get as bad since then.

This is simply Americans’ first time experiencing the wrong side of the “let them eat cake” thing, so of course it’ll take a long time for America to start lighting things on fire.

oh thank god. Freedom from this awful system.

Even SS is indexed by how much you earned as a wage-slave over your lifetime. If you've done something other than slaving for the Boss, or if your slaving has been for low pay, you get commensurately less in SS payments and the state will be happy to see you starve and freeze in old age.

I know people like that too. Those same people don't know how much they spend on anything, don't know where their money is going, and waste money on entertainment (subscriptions), drugs/alcohol, it other stupid shit. I wish they were more aware of their personal finance because I'd hate to see them when they're 55 trying to figure it out at the last minute.

I'm also one of those rare souls with a defined-benefit pension, so it will be Fancy Feast for me!

Real talk!

The $60k represents remaining savings at age 80-89.

Look at the 60-69 column for what people have around the time they start retiring. But not that those are means, not median figures, so are skewed by the US's vast levels of inequality.

I think a bunch of people on here genuinely don't know how to spell the word.

I had almost completely strip-mined my 401k and post-tax investments by the time I was 56 due to a family member's mental-health crisis and the downstream impact of that (it was worth it: the family member in question is now stable and thriving). I'm now 70 and should be able to retire next year if some other emegency doesn't bite us on the ass before then. It took 14 years to rebuild, and that was with my wife and me both bringing in professional salaries and having additional investments.

I feel the "checking watch for next emergency"

I'm just about done paying off my last emergency so I'm right on time for the next big one. Fate seems to wait until I'm spitting distance from paying it off to taunt me or some shit.

The last time I was literally 1 month from having it paid off before BOOM $10k medical emergency and to not become homeless due to said medical emergency combined with being on FMLA for 12 weeks minus a day.

It don't like like a lot to some but for me it's been hell.

I had an argument about that with the college when I failed ochem. 2/3 of the students failed ochem that year. My argument was basically they made the tests too hard just to weed people out because I aced the lab class and always had As on my papers. Papers where you performed real world calculations not insane ones. There reply was basically yeah its a weed out class take it again or switch majors but we'll let you keep your scholarship... for now. Kept major, switched schools a year later then switched majors.

Most private workplaces offer retirement investment accounts, that seems to be more what they mean.

In the retirement account front, just checked and for the past year it hit 19%, over the last 10 years, it's been 15% a year. Generally those are biased toward stock and move to more conservative close to retirement. I think that's generally the balance being considered, at least if you have any retirement account, it's probably larger than any other account in short order.

For "savings" account recently 4% has been available, but less so now as the central bank turns down interest rates to favor borrowers again. But I don't think they are limiting to strict savings accounts here. I think money put into an index fund or bonds or CDs would absolutely count.

Well I think employed 21-year olds are a lot less likely to have any savings at all (mostly student loans) and also more likely to be working in a job with no retirement plan (working at Subway or Starbucks). Combining their situation to a 64-year old in an office job or a skilled trade is still pretty misleading.

Yes, it’s a huge problem that young people have all this student debt and lack of savings and high living expenses. But we’re not going to be able to analyze that by lumping all their numbers together with older people. If we want to make comparisons we need separate numbers.

That's why the Repulicans hate it so much.