[Dave W]

It has been long reported that the 65+ demographic is the wealthiest group in the country. And it makes sense. These people have both pensions, 401Ks and Social Security. They have accumulated wealth over the years.

Also, one household out of 20 has a net worth of $1 million dollars. a lot of that is in house's value, but there is nothing wrong with that.

[Grams A]

Also, one household out of 20 has a net worth of $1 million dollars. a lot of that is in house’s value, but there is nothing wrong with that.”

Agree with you that a lot of we oldster’s accumulated wealth is in the value of our homes but that can only be used if we choose to sell. I have considered selling mine on more than one occasion but what then? Any other place that I consider safe to live is not affordable so there is no reason to. It’s just such an upside down world.

[familyop]

"It has been long reported that the 65+ demographic is the wealthiest group in the country. And it makes sense. These people have both pensions, 401Ks and Social Security. They have accumulated wealth over the years."

Yes. As linked from Drudge,...

"PLAYBOY mansion 'house of horrors'...

Damp rooms, hospital food, more nurses than bunny girls..."
http://www.dailymail.co.uk/femail/article-3277784/Model-describes-Playboy-Mansion-s-damp-rooms-hospital-food-Hugh-Hefner-frail-relies-nurses-babes.html

;-)

[ladyjane]

I read the other day that 40% of the people in this country have saved zero for retirement. Another 40% have saved less than $100,000.

With all the opportunity to save with 401Ks, 403Bs, IRAs, and pension plans, how can that be?