Take any group of 100 people at the start of their working career and follow them for 40 years until they reach retirement age and here’s what you’ll find, according to the Social Security Administration:
- Only 1 will be wealthy
- 4 will be financially secure
- 5 will continue working, not because they want to but because they have to
- 36 will be dead
- 54 will be dead broke – dependent on the meager Social Security checks, relatives, friends and even charity for a minimum standard of living.
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