Dismal reality statistics

[Katweezel]

Take any group of 100 people at the start of their working career and follow them for 40 years until they reach retirement age and here’s what you’ll find, according to the Social Security Administration:


* Only 1 will be wealthy

* 4 will be financially secure

* 5 will continue working, not because they want to but because they have to

* 36 will be dead

* 54 will be dead broke – dependent on the meager Social Security checks, relatives, friends and even charity for a minimum standard of living.

That’s 5% successful, 95% unsuccessful.

FORTUNATELY FOR APs HERE, WE WILL ALL SURELY BE IN THE ONE% OR FOUR% CATEGORY. Correct?

[InPlay]

Originally Posted by Katweezel

Take any group of 100 people at the start of their working career and follow them for 40 years until they reach retirement age and here’s what you’ll find, according to the Social Security Administration:


* Only 1 will be wealthy

* 4 will be financially secure

* 5 will continue working, not because they want to but because they have to

* 36 will be dead

* 54 will be dead broke – dependent on the meager Social Security checks, relatives, friends and even charity for a minimum standard of living.

That’s 5% successful, 95% unsuccessful.

FORTUNATELY FOR APs HERE, WE WILL ALL SURELY BE IN THE ONE% OR FOUR% CATEGORY. Correct?

I guess I am one of the lucky ones.

[jack,jackson]

Originally Posted by Katweezel

Take any group of 100 people at the start of their working career and follow them for 40 years until they reach retirement age and here’s what you’ll find, according to the Social Security Administration:


* Only 1 will be wealthy

* 4 will be financially secure

* 5 will continue working, not because they want to but because they have to

* 36 will be dead

* 54 will be dead broke – dependent on the meager Social Security checks, relatives, friends and even charity for a minimum standard of living.

That’s 5% successful, 95% unsuccessful.

FORTUNATELY FOR APs HERE, WE WILL ALL SURELY BE IN THE ONE% OR FOUR% CATEGORY. Correct?

Hmmm, that's interesting. At the age of 25, you have a 36% chance of being dead by the age of 65.

I wonder what the difference in %, would be between the ages of 25-26 and 65-66 year old would be, in a 1 year span?

My guess would be, about 1n5000(.05) chance for a 25yo to die in 1 years time, while a 1n100 % chance for a 65 year old, to die in 1 years time.

[Katweezel]

Interestingly, another survey in the early 2000s, showed that just 5% of casino daily patrons leave the casino with more money than when they arrived. That indicates your math chances of ending up either wealthy or financially secure are about the same as you winning in the casino today (if you are a ploppy.)

[daddybo]

Originally Posted by Katweezel

Interestingly, another survey in the early 2000s, showed that just 5% of casino daily patrons leave the casino with more money than when they arrived. That indicates your math chances of ending up either wealthy or financially secure are about the same as you winning in the casino today (if you are a ploppy.)

I would wager that most here are NOT life ploppies!