Prudent Granite State savers

Mr. V · 05-26-2019, 11:32 PM

A survey reports NH is one of only four states whose residents report having saved at least $300,000.00 for retirement.

link: https://www.gobankingrates.com/retir...ment-state/#52

My guess: most of it was earned in states other than NH.

Nothing wrong with that.

Mr. V · 05-27-2019, 10:37 AM

Oops: here's a better, direct link to the reference to NH:

https://www.gobankingrates.com/retir...ment-state/#31

fatlazyless · 06-12-2019, 06:24 PM

Today's June 12, 2019 NY Times has a long article titled "Social Security Is Staring at Its First Real Shortfall in Decades. Big Cuts Could Follow."

Problem is too many baby boomers on the receiving end?

Could be a good time to switch from that $1.29 tuna fish down to the 0.79 can of tuna fish, and start setting some money aside ..... otherwise I'll be eat'n that 0.57 Fancy Feast ...... which is very nice if you is a cat.

Someone .... figure out posting this article here?

Biggd · 06-12-2019, 07:18 PM

Quote:

Originally Posted by fatlazyless

Today's June 12, 2019 NY Times has a long article titled "Social Security Is Staring at Its First Real Shortfall in Decades. Big Cuts Could Follow."

Problem is too many baby boomers on the receiving end?

Could be a good time to switch from that $1.29 tuna fish down to the 0.79 can of tuna fish, and start setting some money aside ..... otherwise I'll be eat'n that 0.57 Fancy Feast ...... which is very nice if you is a cat.

Someone .... figure out posting this article here?

That's fake news!

fatlazyless · 06-12-2019, 08:04 PM

Quote:

Originally Posted by Biggd

That's fake news!

https://www.nytimes.com/2019/06/12/b...fall-2020.html

..... probably has a pay wall? ...... and, click on 'latest social security study' in blue, about half way down to see how this all effects New Hampshire.

Rich or poor, you is better off rich?

LIforrelaxin · 06-13-2019, 01:44 PM

Now Lets post what it says on in the entirity of the ariticle by the OP...

Quote:

New Hampshire

Most popular answer: $300,000 or more saved

New Hampshire is a state of extremes. About 23 percent of those polled have nothing saved for retirement, which was the third-highest percentage in that category. With 30.77 percent of New Hampshire respondents boasting retirement funds greater than $300,000, however, just one state has a greater concentration of high savers.

New Hampshire is also the best state for families to live a richer life.

So while yes there are many people with great retirement savings, that are also a large number people that have nothing.... and NH is in the Top 3 of that catagory.....

What would be nice to understand from this poll, is what was the age demographic that responded... Then maybe someone could interpret something useful from the information....

MAXUM · 06-13-2019, 03:16 PM

And exactly how are we to know the information that respondents gave is accurate? Their word? LMAO.... I'm sorry but that entire article is BS.

It should instead be worded as such: 23% claim they have nothing saved while 30.77% claim they have more than 300K.

Like anything reality is often times much different than wishful thinking.

05-26-2019, 11:32 PM	#1
Mr. V Senior Member Join Date: Jun 2004 Location: the left coast (Portland)and West Alton Posts: 1,475 Thanks: 68 Thanked 265 Times in 182 Posts	Prudent Granite State savers A survey reports NH is one of only four states whose residents report having saved at least $300,000.00 for retirement. link: https://www.gobankingrates.com/retir...ment-state/#52 My guess: most of it was earned in states other than NH. Nothing wrong with that. __________________ basking in the benign indifference of the universe

05-27-2019, 10:37 AM	#2
Mr. V Senior Member Join Date: Jun 2004 Location: the left coast (Portland)and West Alton Posts: 1,475 Thanks: 68 Thanked 265 Times in 182 Posts	Oops: here's a better, direct link to the reference to NH: https://www.gobankingrates.com/retir...ment-state/#31 __________________ basking in the benign indifference of the universe

The Following User Says Thank You to Mr. V For This Useful Post:
gravy boat (05-29-2019)

06-12-2019, 06:24 PM	#3
fatlazyless Senior Member Join Date: Apr 2004 Posts: 9,169 Blog Entries: 1 Thanks: 310 Thanked 1,103 Times in 812 Posts	Today's June 12, 2019 NY Times has a long article titled "Social Security Is Staring at Its First Real Shortfall in Decades. Big Cuts Could Follow." Problem is too many baby boomers on the receiving end? Could be a good time to switch from that $1.29 tuna fish down to the 0.79 can of tuna fish, and start setting some money aside ..... otherwise I'll be eat'n that 0.57 Fancy Feast ...... which is very nice if you is a cat. Someone .... figure out posting this article here? __________________ .... Banned for life from local thrift store!

The Following User Says Thank You to LIforrelaxin For This Useful Post:
Biggd (06-13-2019)

06-13-2019, 03:16 PM	#7
MAXUM Senior Member Join Date: Apr 2004 Location: Kuna ID Posts: 2,755 Thanks: 244 Thanked 1,942 Times in 802 Posts	And exactly how are we to know the information that respondents gave is accurate? Their word? LMAO.... I'm sorry but that entire article is BS. It should instead be worded as such: 23% claim they have nothing saved while 30.77% claim they have more than 300K. Like anything reality is often times much different than wishful thinking.