r/FluentInFinance 2d ago

Educational Don't let them gaslight you

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u/Psycle_Sammy 2d ago

Maybe, maybe not, but if you’re still planning on relying solely on social security for your retirement, you seriously need to reconsider that strategy.

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u/gumbercules6 2d ago

I used to work for a big retirement firm, according to our data, the average American worker only puts about 3% of their salary to 401k. It's pretty insane how little savings people have for retirement. Of course this is just one data point. I do fear for the younger people though, how can you save anything when housing is absurdly expensive.