None of the Above ([info]artis) rakstīja,
@ 2013-10-24 18:52:00

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"37% of Americans have saved so little for retirement that they expect to work into their 80s or even until they either get too sick or die, according to a recent survey."


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[info]brookings
2013-10-24 21:47 (saite)
And what percentage of Latvians, I wonder..

You might be right about the yanks, but, you know - it aint easy to save on not-too generous salaries (u know outside of the financial sector) with a few kids (not even talking about the weight of bank-bubble blown mortgages). A little love and understanding from the professional-without-kids brigade for the toiling masses wouldn't go amiss now and again, even if some of us/them might be dipshits.

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[info]artis
2013-10-24 22:06 (saite)
Yeah, Latvians, Bulgarians et al. are a different story.

I basically mean upper middle class here.

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[info]artis
2013-10-24 22:13 (saite)
Still, the same general rule applies. You need 25x times your annual expenses to retire.

It doesn't matter if you spend 12k or 45k per year. What matters is your savings rate.

http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/

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