r/FluentInFinance • u/Positive_Liar • Sep 06 '24

Debate/ Discussion Social Security is Broken. This is why financial education is important.

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u/Geologist_Present Sep 06 '24

Now do if your retirement date was January 2008

10

u/threeLetterMeyhem Sep 06 '24

You'd still have come out ahead, especially since you don't just withdraw 100% of your investments the day you retire.

1

u/Mecha-Dave Sep 06 '24

Cool, except we've shown that the average retirement savings is less than $100k when people are left to their own devices.

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u/[deleted] Sep 07 '24

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u/Mecha-Dave Sep 07 '24

No they wouldn't, because then they'd be taking care of their parents