Floyd Little: “Dick Butkus hit me so hard my body almost liquified. He helps me up and says ‘You Ok?’ I said, ‘Yeah of course.’ He says, ‘Well if you’re ok, why are you in our huddle?’He’d hit me so hard I’d followed him into the Bears huddle.He turned me around and sent me back”
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US adults now need a RECORD~$1.5 million on average to comfortably retire.
This is up 50% since 2020 and 16% higher than last year when a typical person needed $1.3 million.
Among different generations, Gen Z and millennials will require the most, at ~$1.6 million.
Why has retirement become so expensive?
Rising costs of living, longer life expectancy, and possible future Social Security benefits cuts are some reasons.
To put this in perspective, the average American has just $65,000 in savings, 22 times LESS than they need for retirement.
Are we in a retirement crisis?