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Mar 22, 2018

Josh and Jack discuss a recent survey that finds that over 80% of America will retire broke.

Survey Results:

  • 42.3% has less than $10,000 saved
  • Nearly 7% said they have $10,000 to $49,999 saved.
  • Nearly 13% said they have $50,000 to $99,999.
  • More than 12% said they have $100,000 to $199,999.
  • Nearly 10% have $200,000 to $299,999.
  • About 16% have $300,000 or more in retirement savings.

The article focuses on the 42.3% of people saving less than $10,000 but the reality is a person needs nearly $1.5-million to live a "reduced lifestyle". Nowing this, the above results point to over 80% of the population will retire broke!

Source: https://www.gobankingrates.com/investing/why-americans-will-retire-broke/

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Follow Josh Koth and Jack Hoss on their journey towards financial freedom using the power of Real Estate through the REI Rookies Podcast (Real Estate Investing Rookies Podcast). We share our experiences as we acquire rental properties, build net worth, and work towards financial freedom. We are focused on creating wealth through conventional and creative real estate investing while improving our financial education. If you are a fan of Rich Dad Poor Dad by Robert Kiyosaki and Millionaire Real Estate Investor by Gary Keller or are looking for an alternative to the Dave Ramsey, Jim Cramer, Motley Fool or Suze Orman shows we invite you to subscribe today!