00:00 Intro 01:09 Median Retirement Savings by Age 02:40 When Do People Retire? 04:37 When Do People Claim Social Security? 05:12 How Much is the Average Check? 07:17 Median Household Income for Seniors 08:27 Housing & Mortgages 09:34 Debt Beyond the Mortgage 11:22 Spending in Retirement 13:45 Older Americans Still Working 15:44 Important Message 18:55 Bloopers
Most retirees don’t have $1 million saved — in fact, the typical household enters retirement with closer to $200,000 or less. In this video, we break down the real numbers behind retirement in America: median savings, Social Security benefits, household income, housing and debt, and what seniors actually spend each month. You’ll see how millions of Americans are making retirement work with modest savings by relying on Social Security, living frugally, and sometimes supplementing with part-time work. If you’ve ever wondered what retirement really looks like for the average American — this is the reality check you need.
Disclaimer: Please note that this video is made for entertainment purposes only and not to be taken as financial advice. Always make sure to do your own research.
