Average American has net worth of less than $50k?

[a529612]

You're saving 'too much' for retirement!
Start living for today, stop wasting all those management fees

ARROYO GRANDE, Calif. (MarketWatch) -- Yes, you're saving too much for retirement. But isn't that counterintuitive in today's uncertain world, where more is never enough? No, because there's some powerful new research to prove it.

http://www.marketwatch.com/News/Story/Story.aspx?column=Paul+B.+Farrell

 

[fusionz]

who knows, I see all sorts of estimates, from 30-300k. In reality its quite difficult to figure out and people just find a number that fits in with their point of view.

 

[ByLoSellHi]

It ebbs and flows with housing value appreciation, since saving money is a lost art and actually discouraged in American culture. Charge it!

When we get to the depreciating home value era, which has just begun, the real pain begins.

 

[fruitbowl4u]

Rediculous point he's making.

Punching numbers into an online financial calculator != actually saving that money.

 

[a529612]

Quote from fruitbowl4u:

Rediculous point he's making.

Punching numbers into an online financial calculator != actually saving that money.

You haven't seen his lazy portfolio beating S&P...

http://www.marketwatch.com/News/Sto...x?guid={DABA48D1-0DDA-43F7-8700-275FEF592BD1}

 

[HoundDogOne]

Actually... this is incorrect:

The average American street person has a net worth of $50,000.