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Revelation 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”
Important Takeaways:
- Just over half of Americans over the age of 65 are earning under $30,000 a year, and it shows how stark the retirement crisis is
- There’s a retirement crisis looming for many Americans — and some are already living on scant incomes. Retirement becoming a luxury for Americans hoping to get a reprieve in their later years is something a handful of lawmakers are hoping to change.
- The report cited the National Retirement Risk Index which found that around half of households “will not be able to maintain their pre-retirement living standard,” and 56% of low-income households — and 45% of those who are middle-income — were “at risk” of not maintaining those pre-retirement standards at age 65.
- Even more glaringly, 73% of those in the bottom group of wealth holders were similarly at risk, compared to 28% of those in the highest wealth group.
- And, for some, the retirement crisis is already here. Just over half of Americans over the age of 65 are living on incomes of $30,000 or less a year, according to the Census Bureau’s Current Population Survey. The largest share — just under 23% — have incomes between $10,000 and $19,999.
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