These polls crack me up. They prove how delusional and stupid the average American truly is. Americans are the most confident people on earth. Too bad they are also the most egotistical, clueless, and math challenged people on earth. The poll below shows that 58% of Americans are either very or somewhat confident about their retirement. A full 75% of them think they’ll have enough to take care of basic expenses and 56% think they’ll have enough for medical expenses. The average American is an imbecile if they think they are in good shape.
Here are the facts. The median retirement balance of all households is $3,000. The median retirement balance of 45 to 64 year old households is $11,000. But still, the delusional morons in this country are confident about their retirements.
Here is some basic math for these people. If we even use $100,000 as the starting retirement account of a newly retired 65 year old, the rule of thumb is that you can’t spend more than 4% of the balance per year in retirement. That’s $4,000. The average Social Security payment is $13,000 per year. Are these blithering idiots really CONFIDENT they will be able to pay basic and medical expenses on $17,000 per year? REALLY???
I’m 100% confident the majority of Americans are truly fucked and will beg for the government to save them. I’m also 100% confident this entire edifice of debt is going to collapse under the weight of delusion, stupidity and false confidence. Carlin was absolutely right.
“Think of how stupid the average person is, and realize half of them are stupider than that.”
A survey conducted by the Employee Benefit Research Institute has found that the percentage of Americans confident of a financially comfortable retirement is increasing. 22 percent of respondents said they were very confident about the financial aspects of life after work while 36 percent were somewhat confident.
Looking closer at certain elements of retirement, 37 percent of Americans feel very confident that they will have enough money to take care of their basic expenses. However, when it comes to taking care of medical expenses and paying for long-term care, this number fell. Just 18 percent of people are very confident of being able to handle their medical expenses while even fewer, 14 percent, feel confident about paying long-term care bills, should they need to.
You will find more statistics at Statista
