Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Personal Finance and Investing

The River

(2,615 posts)

3. That Story

Reply to steve2470 (Original post)

Mon Apr 23, 2018, 12:41 PM

Apr 2018

is aimed at professionals who are making 70K or more per year. The average blue collar worker makes a lot less. Best case, assuming you have a spouse, you both worked and your house is paid off, you might get by on Social Security and Medicare. If you're single with no assets, buy a used van and a good sleeping bag.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

11 replies

= new reply since forum marked as read

Highlight:

How much should you have in savings at each age? [View all] steve2470 Apr 2018 OP

Without question standard of living is going down exboyfil Apr 2018 #1

This presumes that people have sufficient disposable income to save Sanity Claws Apr 2018 #2

Precisely Sherman A1 Apr 2018 #6

excellent point steve2470 Apr 2018 #9

That Story The River Apr 2018 #3

savings are sorta useless with interest rates of 0.0000000001% these days nt msongs Apr 2018 #4

Rates are going up. MarvinGardens Apr 2018 #7

Not bad, almost keeping up with inflation (on a before tax basis) n/t progree Apr 2018 #8

For the average person who makes less than 40,000 per year, shraby Apr 2018 #5

Savings before retirement RileyRicketson Aug 2018 #10

While we don't have a "host" in this group, nor is there a pinned post that directs conversation.... A HERETIC I AM Aug 2018 #11