Mature Market Experts Stat of the Day: U.S. Retirement Savings Loses

j0435885 mature market retirement plans

Mature Market Experts: more mature market news and stats more often – U.S. Retirement Savings Loses – “$2 TRILLION . . . the amount of U.S. retirement savings lost to market declines since mind-2007.

20% – the average drop in the value of a 401K account over the same period

Source: Corridor Inc.

Note: Understanding how the 65+ mature market thinks of their finances and their “three pockets” is very important. Here’s where their income is coming from: Social security accounts for  40% of their income; followed by earnings (25%), pensions (19%), asset income (14%), and “other” at 2%.

In my 20+ years of dealing with the 65+ market, the only “pocket” they will ever pull money from for “daily expenses” is social security. This is one of the reasons less than 3% of the age and income qualified mature market ever makes the move to a retirement community. The value of the home and income-earning assets is viewed as “untouchable.”

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