Average Net Worth of Retirees

00:00 Intro
00:18 Net Worth of Retirees
02:12 Comfortable Not Rich
03:09 Retirement Expectations
04:55 Income During Working Years
05:36 Spending in Retirement
07:10 Social Security
09:02 Funding Retirement
09:45 Bloopers

Disclaimer: Please note that this video is made for entertainment purposes only and not to be taken as financial advice. Always make sure to do your own research.

Thanks for watching, I appreciate you!

[shobavakkalagadda]

You hit the nail on the head. Comfortable, but not rich. My husband would show an aghast face if someone said that we were rich after looking at our numbers. We still bargain shop at the Dollar Store and Walmart. We always are looking for a good deal on any of our purchases big or small.

[jayoman]

I'm in the 80%, however I find myself shopping at Goodwill for my clothing and drive a 20 year old truck. It's hard to spend after saving all my life.

[livingunashamed]

Best finance youtuber hands down. Love your vids.

[miked]

The content on this channel is excellent - clear, articulate, fact based, useful. Thanks Erin!

[Iffy]

Another great video! I really liked the chart that showed net worth with and without residence included!

[markwilkins]

Hi Erin, you look amazing this morning! I love this video! It’s really nice to see where everyone stands with net worth and how each person is doing compared to the average and median. Hope you have a blessed weekend 😊

[well-blazeredman]

'Comfortable'? Yep - that's the word. My biggest problem right now is shedding the thrifty habits that got me into that top quintile. But I'm enjoying a retirement full of travel.
Good video.

[williamkhsu]

You do a great job mixing in graphics to display info!

[loborocket]

By my calculations, my retirement will far exceed my expectations. I am looking at retiring a bit early (~57) so I can starting enjoying the $ I have saved over my lifetime. I am fairly sure I will never end up spending it all at this point.

[dsvillalva]

Great video Erin. There is the health factor to consider as well, and would've been nice to summarize what the average cost of health-related expenses retirees face.

[RickRiva]

Hi Erin, during this past year I have been watching so many videos from so many others on retirement and you are AT THE TOP! You are a number person who also has exceptional communication skills explaining financial retirement principles in a very simple way while also using pictorial graphs with supporting data! I have learned so much from you! Well done…You will have MANY followers:)!

[genxretiree]

Makes sense. Late 40s and retired - net worth is just short of 9m now. Liquid is just over 5m. One house and one commercial building with no mortgages. No debt of any kind. Kids are out of college as well. It's a very freeing place to be.

[texasroccogaming]

Really enjoying the videos Erin and happy to learn from your content. Also keep the bloopers - they are so fun!

[CormacNJ]

My retirement exceeds my expectations. My cashflow now is greater than when I was working. No debt at all makes all this much calmer.

[paulseidel]

I was that kid in grad school collecting soda cans to pay the grocery bill. I am now shocked as a retiree that a working life of good decisions and investing has worked out very well. I was not even in a high paying profession. What great opportunities for those who make good decisions in the U. S.

[tkhemjinda]

I'm in that 90% group without home equity. Decades of consistent investing. Now I'm 47 and just went out and brought my self mercedes gls 450...little fun😊

[alanm]

Thanks Erin! I always love seeing where other people stand for net worth. It keeps me assured that I will be financially safe with what I have when I retire at the end of this year at 60!😊 Your videos are always my favorite to watch. Your always very informative!

[iamkerenlouise]

You are awesome in your content Erin! I just learn so much but also, your presentation is so spot on ! Thank you for all the work you put into your channel! It’s really fantastic!🎉

[myvalium]

Great video. I appreciate your point to exclude principal residence value from net worth when analyzing where one stands. I’ve seen so many videos that ignore this element. For obvious reasons, it could lead one to feel good while making poor choices regarding timing of retirement. I’m retired now almost 2 years and glad to report that I feel great, knowing proper planning served me well.

[jenniferlowery]

It all depends on how much income you have coming in and your expenses. If you still have mortgage, car loans, college loans and credit card payments then it can be a struggle. Debt free makes it so much more relaxing.