Study shows nearly half of Americans die with less than $10K in assets. Are you saving enough for retirement?

Fox Report with Shepard Smith 2012/08/09 14:00:00
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Study shows nearly half of Americans die with less than $10K in assets. Are you saving enough for retirement?

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  • Spider20 2012/08/10 02:16:12
    Newsflash America...this economic downturn from the last few years has another, delayed consequence that is going to hit hard in the years to come....many of the long term unemployed have exhausted their retirment savings trying to stay alive over these last few years...they turned to using retirement savings when the unemployment ran out fro example....so there's a boatload of people out there who will not be able to retire and/or will become a big problem for society/government to have to deal with in the future....

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  • Shawee Mr. Won... 2012/08/12 19:34:39
    I agree, im 21 not looking to buy a new car or run up thousands in student loans or even the thousands ppl spend on an apartment but looking for a cheap house on the market i can fix up and sell or live in. Many people thats mad now are the ones in debt chasing a dream they cant afford.
  • Mr. Won... Shawee 2012/08/12 23:44:55
    Mr. Wonderful
    Sounds like a plan. You're young and have plenty of time to built up a nice nestegg.
  • NOT14U2 2012/08/10 16:43:20
    10 % of nothing is still nothing
  • Fran 2012/08/10 16:03:23
    I'll get by not matter what; it's my son that I worry about. Employee pensions are being reduced, he may not have Social Security to fall back on. I'm still employed (knock on wood). Families are going to have to help each more. In other countries, everyone lives under the same roof to pool their finances and provide for each other. Americans will have to open their hearts and minds to the "old ways".
  • AM 2012/08/10 15:45:29
  • Striker AM 2012/08/12 18:34:38
    You should rethink that!
  • AM Striker 2012/08/12 20:43:16
  • Striker AM 2012/08/12 20:53:53
    And how will that help removed marxism and/or stop the collapse?

    There is expediency going for continuing evil, and there is Principle. This entire system is screwing the people, and you want more of the same?

    The ONLY way this can possibly end is in devastating, horrible, global collapse. Then if you survive that, you might be reconsidering about the "goodness" of being Ruled.
  • Striker AM 2012/08/12 21:05:12
    Obviously you prefer Force over Liberty. Sorry you don't get it!
  • AM Striker 2012/08/12 22:00:18
  • Striker AM 2012/08/13 03:10:31
    for 234 years now our America has had to choose from lesser evils. If you're happy with $16+$90 trillion in debt, be stupid and pay your "fair share"
  • AM Striker 2012/08/13 05:01:54
  • Striker AM 2012/08/13 15:00:21
    We're done here. Bye.
  • Shawee AM 2012/08/12 19:40:05
    Perhaps because we're in a recession? The only way govt can get ppl working again is by direct spending. Companies arent broke, many have billions in cash right now but consumers arent spending.
  • AM Shawee 2012/08/12 20:34:56 (edited)
  • santa6642 2012/08/10 15:32:52
    The Dumcrates took it all with their bail outs and left the real workers high and Broke.
  • Professor Wizard 2012/08/10 15:19:06
    Professor Wizard
    I hope to live until there is only 10k left!

    Current calculation for that to happen, is for me to live to 109 years. - - but then, SS should make that go a little longer, because I am not counting SS in my calculations.
  • The Patriot 2012/08/10 14:57:32
    The Patriot
    I did and thought I was all set.

    But Obama put an end to that.

    My 401k now sucks.

    My real estate investments now suck.

    Spending whats left just to make ends meet.

  • Aqua Su... The Pat... 2012/08/11 04:37:42
    Aqua Surf BTO-t-BCRA-F
    We're in the same boat as you. Savings gone, kids college fund gone. Obama sucks and Yes Dubya, we miss you!
  • shadow76 2012/08/10 13:52:15
    Who can save in this rotten economy?
  • Mr. Won... shadow76 2012/08/11 22:56:16
    Mr. Wonderful
    Don't look now, but the economy is slowly getting better. If you haven't noticed the housing market has bottomed in some areas, prices are starting to creep up again. Interest rates for a mortgage are at historic lows. The main hang in the economy is corporations are hording cash, something a little over two trillion dollars worth. Since the majority of businesses are Republican owned, ask them why they're not plowing back cash into the economy and if they get the chance they move more and more production off shore. Facts, again that make right wingers look awfully stupid. What is and should be scary is many companies have learned through automation and better technology to get along fine and make bigger profits with less employees. Also if they hire, the usually hire part-time to avoid paying any or limited benefits.
  • shadow76 Mr. Won... 2012/08/12 07:09:37
    Then tell me why more and more families are moving into together just to survive! The price of gas keeps gong up. Utilities keep going up. Paychecks don't go as far as they used to. A lot of people are still losing jobs and houses. NOTHING is better!
  • Mr. Won... shadow76 2012/08/12 13:21:44
    Mr. Wonderful
    Depends how you define "better". Nobody is arguing these are good times, but for sure they aren't as bad as some on the right try to pretend. What I always find amusing is why people try to blame the president for things beyond his control.

    For example take gas prices. That's pure market supply and demand combined with speculators driving up future oil contracts, normal down time repair of pipe lines, switching over to different mixes and responding to world events. All things no president can directly control.

    The reality is most of our oil doesn't come from the middle East, it comes from just across the border in Canada. All the noise about digging for new oil in Alaska and buiding new piplines wouldn't put a single drop of new oil on the market until years into the future. Besides all the oil companies are sitting on vast expances of as yet untouched land leases on federal land gotten years ago, some decades ago. Why aren't the oil companies drilling there?

    Finally it is American still having gas guzzlers like SUV's and if you've even been to Texas or other Western states you see most everyone riding around in pickup trucks which if lucky get 12-15 miles per gallon. Such people do most of the bitching and are often the ones that waste most.
  • shadow76 Mr. Won... 2012/08/12 13:37:00
    We out here in the west have families we travel with. Teeny tiny cars are not safe. we also haul things, you can't do that in a freaking Hugo! We aren't drilling here because Owebamaloney won't let us!
  • Mr. Won... shadow76 2012/08/12 13:49:30 (edited)
    Mr. Wonderful
    So typical. That's the not in my back yard defense. You whine gas is so expensive, yet waste it driving around is huge 2-3 ton gas wasting vehicles. Too funny!

    Your guility of the same thing most right wingers are gulity of, not doing anything yourself to cure your own problem all the while blaming Obama.

    I do what I believe in. Here's what I drive. On average get just under 50 MPH. No it isn't a teeny tiny car either. It is pleny large enough.

  • shadow76 Mr. Won... 2012/08/12 14:06:03 (edited)
    Who said i have one. I don't even have one. yes it is tiny If something rear ends you, you will be squashed like a bug. Do you know disable people can't even get in those teeny tiny cars, Not good for child seats and passengers either.
  • JAA 2012/08/10 11:49:43 (edited)
    Like me, I think many people have had to begin using their retirement monies (nest egg) to support themselves while looking for another job. I'm hoping the Rapture will occur before I run out of funds. It's ridiculous to go on the government dole when the government is broke & way in the red. ;-)
  • brian.s... JAA 2012/08/10 15:32:15
    I wouldn't count on the rapture. Might not be for another thousand years. I mean it was supposed to happen in 1999, if you are a pretribber. Then there are midtribbers that believe it won't happen for 3 and 1/2 years into the tribulation. And then there are the post tribbers that believe that you will go through the whole tribulation before the rapture occurse. 2 of the three theories of rapture put Christians going through at least half of it. Not very good odds there that you will escape before the pain comes. I'd expect the worst if I were you.
  • JAA brian.s... 2012/08/10 22:59:15 (edited)
    Pastor Bob, is that you? ;-)

    I'm sorry, did I ask for your theological advice and not realize it? Please allow me to re-state, then, "I'm hoping the Rapture will occur before I run out of funds, but it will always be up to God." I do know, for a FACT, that I will not be here during the tribulation period. I also know, just as did Noah, to "hope for the best, but prepare for the worst". I'm well prepared, and you?
  • brian.s... JAA 2012/08/12 01:24:54
    Quite prepared. Thank you. It is well with my eternal soul. Peace be unto you.
  • the fuze 2012/08/10 11:24:36
    the fuze
    But I sure am trying to.
  • Skye 2012/08/10 10:54:59
    Not sure
    I'm 13. No job to do so, but I'm going to college with a major in Physics and minor in Astronomy, so maybe that'll be different one day.
  • Iamfree Skye 2012/08/10 18:49:41
    Good for you, Skye.
  • thє вlu... Skye 2012/08/12 16:50:12
  • aksquad 2012/08/10 09:13:24
  • JCD aka "biz" 2012/08/10 09:09:00
    JCD aka "biz"
    I'm old, and I spend my money. I won't need any assets when I die.
    BTW, I think I'm the man in the picture, watching the Indian Ocean when I visit Madagascar, my second home country.
  • Sam 2012/08/10 08:32:14
    The worst thing about today's times, is that we cannot save enough for retirement, it gets more and more expensive every year... I worry about it at 30 years old - but my grandparents, who are retired, laugh about it, they say don't stress, it's come when you need it...
  • Different 2012/08/10 08:31:52
    Not sure
    Not sure... just savin for college...
  • Marcus Clark 2012/08/10 07:42:12
    Marcus Clark
    If you still have $10K when you die, you didn't spend it fast enough.
    You can't take any of it with you. You can, however, send it ahead.
  • Angela Chambers 2012/08/10 07:28:28
    Angela Chambers
    I'm only 28, lol.

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