Tens of millions of seniors rely on Social Security to make ends meet. About 88% of retirees said Social Security is a significant source of income in retirement, with a rising portion of those saying it was a major source, according to an annual Gallup poll. Unfortunately, the future of Social Security is becoming increasingly uncertain.
There's a much more popular AI stock on Capitol Hill than the leading AI chip maker.
Retirement savings play a crucial role in securing financial stability in your golden years. For those aiming high, being in the top 3% of retirees in terms of savings enhances comfort and offers greater financial freedom. Using data from the Federal Reserve's Survey of Consumer Finances, a 2024 survey by the Employee Benefit Research Institute, reveals that individuals with over $1 million in retirement accounts rank in the top 3% of retirees. Only 3.2% of retirees have surpassed the $1 million
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The number probably isn't anywhere near what you think it is.
The property report includes 85 major metropolitan areas in the U.S. with populations of at least 750,000.