Monday, October 27, 2014

***The Facts Of Life -- Unless You Take Action Now!*** {32}

***1) At age 65:...

45% are dependent on relatives...
30% are dependent on charity...
23% are still working...
2% are self-sustaining...
(Source: Social Security Administration)

***2) Cost and result of stock trading:

... 97% lost money ...
2% broke even ...
1% made money
(Source: Harvard School of Business)

*** 3) Fewer people are worth $100 at age 68 than at age 18...

This is after 50 years of hard work...
(Source: Devey's Economic Tables)

*** 4) Eighty-five out of 100 people reaching age 65 do not even have $250...
(Social Security Administration)

***5) It has been said "most people never plan to fail, they simply fail to plan.

*** 6) 93% of the people at age 65 who have failed financially said it was because of the lack of a plan...
(Source: LIAMA Co-operative Research)

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