Quote:
Originally Posted by Young-Sneezy
40 percent, of employees, aged 55 to 65...are a quarter of the way to their retirement goal?
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This doesn't surprise me at all. Just look at houses and the toys a lot of people have, who aren't raking in the dough in their jobs. When I lived in Chestermere, I had a neighbour, who once showed me his pay check, and I was absolutely shocked that he could own any sort of a home, let alone a 2500 sf house in Chestermere. Not only that, he had a boat, a quad, and a new truck. I asked him if he won a lottery or something. Basically, he just had his credit maxed out. The guy was in his mid forties, so I can imagine he's going to be nowhere near being able to retire at 65.
Unfortunately, I think this sort of thing is far too common these days.