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When do you measure Education's financial success? at -

Graduation or Retirement?

The following facts exist for every 100 people at age 65
Did you know:

  25 are dead (mostly from poor health)

  20 have annual incomes under $6,000 (below poverty level)

  51 have annual incomes of $6,000 to $35,000 (median $12,000)

  4 have annual incomes over $35,000 (financially successful)

 1990 source: U.S. Department of Health and Human Services, SSA Publ.#13.11871/6/90

Other U.S. Facts:
  • Pension plans for federal employees – paid out of separate accounts – are now underfunded by more than $1 trillion. New York Times
  • Only 16% of the population who qualify for an IRA has one.
  •  Hundreds of U.S. companies' pension plans are underfunded. Companies listed are LTB Corp. Uniroyal Goodrich, Chrysler Corp., Bethlehem Steel and General Motors. New York Times
  • Today's average 50 year old has only $2,300 saved towards retirement. J. Arthor Urcivoll, Sr.V.P. Merrill Lynch
  • Only 5% of the population in America can put their hands on $10,000 when they're 65 years old.
  •  In 1936 when Social Security was started, there were 16 people working for every one person on the program. Today the ratio is only 3 to 1. In the next 12 years it is projected to be 1 to 1… maybe.

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