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Speaker 1: The typical American worker has about nine hundred and fifty

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Speaker 1: five dollars save for retirement.

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Speaker 2: Oh that doesn't seem like a lot.

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Speaker 1: That seems shockingly low.

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Speaker 2: Yeah, yeah, that some would.

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Speaker 1: Say that's going to be pretty hard for many people.

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Speaker 1: Nine hundred and fifty five dollars.

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Speaker 2: Well, that's gratifying to know that apparently I am doing

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Speaker 2: a little bit better than the average American on the

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Speaker 2: retirement front because my retirement accounts, although nothing terribly amazing,

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Speaker 2: or at least more than nine hundred and fifty four dollars.

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Speaker 1: It also makes you wonder, though, are these people Are

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Speaker 1: they relying solely on Social Security? Oh, you can't rely

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Speaker 1: on some of their income in retirement.

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Speaker 2: It's not going to be there for people like me,

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Speaker 2: for people like keV. So security is going away, and

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Speaker 2: that's just a reality that we're going to have to confront.

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Speaker 2: It's been reported many times over. The government is aware

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Speaker 2: of this situation, but there is no resolute desire to

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Speaker 2: solve it.

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Speaker 1: Yeah. No, you're right, twenty thirty four is when it's

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Speaker 1: going to run out. By twenty thirty four, So I'm.

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Speaker 2: Not going to be able to retire by twenty thirty four.

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Speaker 2: I know that. What about you, keV you you're retiring

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Speaker 2: in twenty thirty.

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Speaker 1: Four, it's not looking like it.

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Speaker 2: Yeah, I didn't think so.

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Speaker 1: So that's the question. If you only have nine hundred

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Speaker 1: and fifty five dollars save for retirement, maybe they're not

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Speaker 1: planning on retiring at all.

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Speaker 2: You know, this might not be as terrible as we

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Speaker 2: think it is now. Of course, you still want to

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Speaker 2: have a safety net just in case. But I've seen

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Speaker 2: way too many people that when they retire, they just

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Speaker 2: drop down dead. I think it is more valuable to

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Speaker 2: have something to do and have a reason to live

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Speaker 2: and have something to occupy your time. I've seen people

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Speaker 2: like you know, my own dad just go completely stir

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Speaker 2: crazy because he is now in retirement, having stepped away

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Speaker 2: from the property management business, and he gets bored a

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Speaker 2: lot of the day because he just you know, watches

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Speaker 2: the same cowboy shows.

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Speaker 1: Becomes less active.

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Speaker 2: Then he's less active and he's itching for stuff to do.

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Speaker 2: He you know, misses being you know, involved in the

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Speaker 2: in the workplace and having something to do. Now that's

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Speaker 2: also just part of his personality. But I think generally

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Speaker 2: people benefit from having a reason to live and having

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Speaker 2: a place to go, someplace to go, something to do, purpose, responsibility,

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Speaker 2: It helps helps the soul.

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Speaker 1: Yeah, and then there's people like my father who worked

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Speaker 1: and then when he retired, had prostate cancer and passed

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Speaker 1: away from that. That wasn't from a lack of purpose.

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Speaker 2: That was just luck of the draw. Yeah, something that happened.

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Speaker 1: So a nine hundred and fifty five dollars also, I

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Speaker 1: think shows there's a little bit of financial illiteracy going on.

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Speaker 2: A little bit of it might not even be a literacy,

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Speaker 2: you know, because ability it could be a byproduct of

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Speaker 2: the financial crisis, the financial the affordability crisis. Everything is

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Speaker 2: so dang expensive. How could you possibly put money aside

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Speaker 2: for retirement?

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Speaker 1: Yeah, if you barely make an ends meet, savings is

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Speaker 1: going to be the last place.

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Speaker 2: And most Americans, I think right now, it's kind of

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Speaker 2: a paycheck to paycheck deal. It's a scary play still,

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Speaker 2: uh Ben