The following facts exist for every 100 people at age 65.
*25 are DEAD
*20 have incomes under $10,000
*51 have incomes between $10,000 & $35,000
*only 4 have incomes over $35,000
Yet 1 in every 100 people in the USA is a MILLIONAIRE!
Only 5% of the population can put their hands on $10,000 when they are 65.
When Social Security was started, there were 16 people working for every one person on the program. Today that ratio is 3 working for 1 on SS. In the next 10 years, it is projected to be 1 to 1 (source: "The Millionaire Next Door")
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