The Motley Fool Discussion Boards
Retirement Discussions / Retire Well on Less
|Subject: Re: What it takes to escape work???||Date: 5/20/2004 4:17 PM|
|Author: rainphakir||Number: 561 of 1483|
Almost ALL articles about 'retirement' or 'saving' use figures that are unrealistic for 'average' income. The talking head articles are always about some 'family' with an income of 80K or more.
from the 2000 Census you can see that even the states with the highest MEDIAN household income do not fit the premise of the articles (even with 65K as the threshold)
and, I believe these numbers are pretax.
Since most FAMILY incomes are far less than what is described in most talking head articles, I think many folks cannot visualize themselves being self-made FIREs
so they aren't.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|