Savings & Investment Accounts for Retirement : What's That?

This is interesting in that many Americans are thinking about retirement more now then in years past especially since they are beginning to see that the economy is not doing well as unemployment is continually going up and that they might lose their job and become dependent on others for their survival. They are understanding now if they don't have adequate monies ready to go along with the Social Security supplement, life in retirement will not be much fun or they might have to work until they drop dead.

There are other factors that enter into this fear of the future and taking center stage is not having enough money saved or invested to carry them through to the end. Here is some disturbing facts that have led to fear of retirement.

Nearly 45% of working house hold do not have any savings or investments to help them during their retirement years. None!

Also, it was found that those that did have saving and investments were significantly wealthier then those that did not. Ever wonder where  'the haves and the have nots gap' comes from? It appears that many among us do not understand the need to prepare for the future early on rather then waiting until it's too late to make a difference.

A report shows that the median savings and investment total for all working house holds was about $3000 and about $12,000 for those nearing retirement. Think about this for a moment, taking a family of four to McDonalds will cost nearly $25 dollars, how long do you think twelve grand will last in retirement? Six months?

Another report shows that American house holds that there is a gap between what they have in saving now and what they will need in the future is about 6.6 trillion dollars.

It makes sense that all those that decided not to save anything probably didn't pay off most of their bills during their working years, including the mortgage so will be under the gun during retirement to pay that off as well. And with creditors at the door for all of the other bills, retirement could mean being homeless and on the street. I wonder who will have to pay for all these people that decided to have fun now and worry about retirement later, they probably thought Social Security will be enough. Our country is broke and in debt.  Yikes!

Worst of all maybe, of those aged 55 through 64, one third were found to have no retirement savings or investments at all. What were they thinking during all those years of getting a pay check and not saving a dime for the future?

With the smartest people in the room now in Washington demanding to raise the debt ceiling so they can spend more borrowed money on programs that have proven in the past to be worthless, other then to feed the friends of the administration and campaign coffers, it begs using the Hillary standard that 'one must have a willing suspension of disbelief' that the progressives are actually trying to help solve America's problems before it too late for a solution.