How Many People Have $100K?

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[rebeccaoliver]

In my 50s when I visited a financial planner, he told me my pension was worth $2.5million. I’ve come to realize this is part of what I have “saved” as I continued to do work that didn’t challenge my abilities or interest me as much as other things. (As a young person I didn’t have the guidance or confidence to know I could have been financially successful in other fields.) I gambled I would live to be very old. Had my house paid off in early 50s and retired before 60. Leaving me 30 to 40 years of good health based on family record. I’ll wait until 70 for SS and in the mean time have an income I live below. Knowing the value of a pension is important.

[peterbedford]

Keep in mind that 42% of all homes in the US have no mortgage.

[dantheman]

They think they’ll live off social security, this is terrible 😮

[robet]

Man how accurate are these lists because I’m 29 and know everyone I know is ahead of me and have well over 100k saved

[chrisphilips]

Those statistics are hard to believe. I read in an article that most people houses in America are paid off entirely and 100 K or more is pretty common with folks in their 50s who have a 401(k). Most Americans retire very comfortably.

[philschiavone]

I wonder how they come up with that number. I have a current 401K, a company Roth, a private Roth and an IRA rollover. I don’t have 100K in any of them. Close on two of them.

[valmac]

You should have a link from the short to the full video. It was good one!

[ingababy]

I’m very proud of those who do have some savings. They might not be where they should but at least they have something.

[mikemecklenborg]

Wow my wife and I have $700, 000 and I still feel like I don't have enough saved for retirement. I want to retire in 17 months at age 65.

[hyped]

This is from 2019 according to the source at the bottom, it has to be significantky worse now after the last 5 years

[stevendavidson]

These numbers seem wildly inaccurate and more information is needed to understand these %s. First and foremost, what data was collected to establish these estimates?

[josefj]

I am very far behind I part of that 13% at the age 44

[Socrates-jzoo]

When people retire, they can use all of their assets, perhaps with the exception of selling their house. Thus, it would be much more useful to look at total net worth rather than at just retirement asset values.

One could have very little in retirement accounts and a couple of billions elsewhere.

[GerrisonHiroko]

Great analysis, thank you! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?