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Breaking down the chart below (found in this Economic Policy Institute report) by
age would be helpful as there is surely a big difference between a
30-something and a 55-year old when it comes to retirement savings, however,
it still shows the rather bleak outlook for many Americans while in their
golden years, save for the top 10 percent who will likely be disappointed to
find out how far a couple hundred thousand dollars will go.
The data for the top one percent would likely be pretty shocking to the
rest of us, a situation that is not likely to change absent a rebound in the
political fortunes of Bernie Sanders.
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Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
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