Are you a silver squatter?

[Over70irregs]

1 in 4 Americans in their 50s will become 'silver squatters' and need financial support from family in retirement

Gen X is facing a retirement crisis.

www.aol.com

 

[Gotta Go]

Where's my free stuff at...
Good luck with family support when the apple doesn't fall to far from the tree...

 

[badpal]

The article talks about they could fix the problem by delaying retirement. Not sure the 35-year-olds still hanging out in the basement are suddenly going to get ambitious and get jobs at 50 when their folks die.

 

[catstalking]

A 55-year-old starting with $50,000 in retirement savings could end up with a $500,000 nest egg within a decade by saving around $2,000 a month and earning a 10% average annual return (AAR).

then at the bottom of the article

No turning back’: This Wall Street bear is predicting the biggest market crash since 1929 — Here’s how to prepare your portfolio if he’s right

lol, SO MUCH FOR THAT 10% AAR