The 401k is long gone. And the guv'mint took a healthy sickening chunk of that when I had to hit it.
We live paycheck to paycheck and more often than not much closer to the bone than that.
If our oldest daughter wasn't helping us with groceries and the cellphone bill REGULARLY we'd be eating ketchup sandwiches and talking on tin cans.
The mortgage is behind but we have been able (thus far) to keep the house but not do any upgrades or improvements to it.
A faulty house heater can (and has) thrown our budget completely into crisis.
Eating out is a fantasy we have now. If we can put a pizza on the table now and then it is a feast.
Downsizing? Downsizing here means selling stuff to help pay the bills.
And why would anyone be touting minimalism as a way of retirement? Isn't part of The American Dream to be successful and enjoy all the thing you earned during your working life?
The line at The Church food pantry gets longer each month.
There is no recovery. Not for the most of us out here. Too experienced for most places when cheaper costing kids are coming out of college. They look at the graying hair and won't say it but...
I am 53 now. My hope of ever holding a meaningful job again fades quicker with each passing day.
I know the crash happened under Bush's watch.
But I also know who has been in office since. Who has done nothing NOTHING to set the ship right.
Except maybe keep the caddies in business.
Well done Mr. President.
Now, if you'll excuse me I have to go throw boxes around the backroom of The Big Box Retailer.
The one that DIDN'T raise their employee's pay.
The one where the kids are management and older workers (especially but not solely) are made sure not to get more than 30 hrs a week (often much less) so they don't have to offer health care benefits.
Gallup: 50 Percent of Americans Worried About Multiple Financial Challenges
The economy has been in recovery mode for almost six years now, but that doesn't mean everyone is feeling financially comfortable.
Indeed, Gallup's Financial Worry index, which tracks the percentage of Americans concerned about multiple common financial challenges, stands at 50 percent, up slightly from 49 percent last year.
While the index has dipped from the 56-to-61 percent range that prevailed from 2008 through 2012, it remains higher than it was before the Great Recession.
The gauge measures the percentage of Americans who are worried about three or more financial issues out of the seven that Gallup tracks.
The most common worry, afflicting 60 percent of us, is not having enough money for retirement. The most minor wary, confronting 20 percent of us, is not being able to make minimum payments on our credit cards.
"Americans' current levels of worry suggest they have still not fully recovered from the recession," writes Gallup's Lydia Saad.
"While they are less worried about everyday financial matters than they were during and immediately after the 2007-2009 recession, Americans remain more worried than they were in the years preceding it."
When it comes to retirement, now that spring is here, it's a great time for retirees and those approaching retirement to get rid of extraneous possessions, says Joseph Coughlin, director of MIT's AgeLab.