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Old 01-10-2013, 01:17 AM   #1
Senior Member
Join Date: Sep 2011
Location: indiana
Posts: 148
rick2323 has one green dot.  Good for them!
Default The facts of life!

1) At age 65:

45% are dependant on relatives

30% are dependant 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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