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You're listening to Ramsey everyday millionaires where we talk investing retirement building wealth and outrageous generosity

Rachel. I don't know if you know this, but there is a retirement crisis happening in America. Is there?

Here's the stat that shocked me.

Nearly half of Americans aren't saving at all for retirement and those who do aren't saving enough.

So for those of you, maybe you're in your 40s or 50s, retirement isn't a far-off dream at this point,

it's a fast approaching reality reality and we get tons of

questions from people asking do I have enough money to retire? How is this

actually going to work? And people that listen to the show, they want to retire

with dignity. It's a goal, but sadly many people, they're not that serious about saving her for retirement.

They haven't made it a priority. So let's get a benchmark of what the average person in their 40s and 50s has saved for retirement.

You ready?

According to a recent survey or a study done by Rumsie Solutions, the average American in their

40s has an average balance of 93,400 dollars save for retirement and contributes 8% of their income towards retirement.

The average American in their 50s has an average balance of 160,000 dollars and contributes

10% of their income into retirement.

So with those averages though it's still, it's not enough.

No.

So here's the deal.

If you're doing these five things in your 40s and 50s you are not serious about

saving for retirement so we're gonna call this five signs you're not taking

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