Talking Points: Millennials, Retirement, Oil Rigs

Photo Credit: https://401kcalculator.org/

Millennials, Retirement, Oil Rigs

Seventy-six percent of millennials saving for retirement report they have made sacrifices to do so. The top sacrifice is dining out, as 43% say they’ve cut back. CNBC November 15, 2017

Surveys show that retirees with a predictable monthly income stream tend to be less anxious about their finances than those relying mostly on investments. The Daily Reckoning, November 10, 2017

America currently has 907 active oil rigs, up from 568 a year ago. U.S. News, November 10, 2017

Bill Gates, Jeff Bezos and Warren Buffett have more wealth than half the population of the US combined. Investopedia, November 10, 2017

The median credit score of Americans taking out new mortgages was 760 in the third quarter of 2017, well above the lowest point of the subprime bubble years, which was 707 at the end of 2006. MarketWatch, November 14, 2017

There are 6.8 million households in the United States that have $1 million in investable assets, not counting their home, employer-sponsored retirement plans, and business partnerships. This is 5.5% of the population. Private Wealth, June 12, 2017

“The fact that there’s a ‘highway to hell’ and only a ‘stairway to heaven’ says a lot about anticipated traffic numbers.” Anonymous

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Photo Credit: http://401kcalculator.org

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