#16 Retirement in America: Is it a Dream or a Nightmare?

Here's the shocking truth about Retirement in America: 

• Many Americans hit retirement age scrambling for financial security
• 8.2 Million adults over the age of 65 are living BELOW the poverty line.
• Over 10 Million people over the age of 65 are still working, double the amount from 1985 

This is reality, but it’s not all doom and gloom - there’s still hope, and the solution is simpler than you might expect.

In this episode, we start with the story of a retired couple who burned through their retirement savings, forcing the husband to go back to work at age 71. We then delve into the historical events that led up to our current state and the proposed solutions from Pundits & Politicians. 

00:00 - Welcome

00:12 - Introduction

00:49 - Tom Croomer's Story

03:37 - Shocking Retirement Statistics

06:43 - How Did This Happen?

27:22 - How to Avoid Poverty in Retirement

48:28 - Closing Thoughts

Reference Material:

• 80 Years Old and Unable to Retire
• Scandinavian Socialism: The Truth of the Nordic Model
• Sweden's Experiment with Socialism

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Chapters

• 0:00 Welcome
• 0:12 Introduction
• 0:49 Tom Croomer's Story
• 3:37 Shocking Retirement Statistics
• 6:43 How Did This Happen?
• 27:22 How to Avoid Poverty in Retirement
• 48:28 Closing Thoughts