Historical Statistics from the early
1960's
Fewer men are worth $100 at age 68 than at
age 18...after 50 years of hard work.
Devney's Economic Tables
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85 out of 100 reaching age 65 do not possess
as much as $250
Social Security Board
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At age 65...
45% are dependant on relatives 30% are dependent on charity
23% are still working 2% only are self-sustaining.
Social Security Board, Washington, D.C. |
Records show that of 100 reaching age 65--
- 45 may live to be 80
- 24 may live to be 85
- 10 may live to be 90
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Not one man in thirty who retire with a competency
(sufficient supply of either property, capital-income, etc.)
is able to retain it to the close of his life.
Canadian Gov't Annuities Bulletin
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Only 3 our of 10 in the top income brackets
($10,000 up) can quit at age 65
National Underwriter |
"Cost and result of stock trading --
$97% lost money -- 2% broke even -- 1% made money."
Dr. H.H.Burbank, Assoc.Prof.Dept. of Ec.,
Harvard School of Business |
The incomes of Doctors, Lawyers, and most
professions on an average start topping off at age 47 1/2
and plunge rapidly after age 54.
U.S. Dept of Commerce Bulletin
|
"Under the present tax schedules, $45,000
to $50,000 is nearly the maximum estate a man who earns $10,000
a year for twenty years after the age of 40 can create for
himself or leave his family through straight savings and he
must live on half of his income to do even that. Building
substantial estates will be a rarity with present income and
estate taxes."
The New York Certified Public Accountants
Magazine
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IT IS INCONVENIENT TO BE ALIVE PHYSICALLY BUT DEAD FINANCIALLY
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