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We all now that tens of millions of Americans are living each day of their lives from paycheck to paycheck. But scratch a little below the surface and you will find some staggering statistics. Here’s a few examples:
– Nearly 40% of Americans have less than $500 in liquid savings…
– Approximately 132.1 million Americans (nearly 50% of the population) report that they do not have enough money in liquid savings to financially survive three months without their current paycheck…
– The average Baby Boomer will have an income of $190 per month during retirement…
Depressing, huh?
Well, these are facts and America will soon be living with the consequences.
In Segment One, Jerry and Jennifer discuss this explosive issue and try to provide some hope.
Other topics in Segment One include:
– The crushing reality of America’s student loan debt
– A brief update on the crumbling Petrodollar system
– Shocking new data just released by the Congressional Budget Office about the future of Social Security
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Tom Cloud joins the program to provide an update on gold and silver in this week’s Precious Metals Market Update.
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In this week’s investing idea, Jay shares information on a little known Mexican airport that could net you 10% or more over the next 12 months. This week’s investment idea is from Jay’s All Weather Portfolio, which is designed for those with at least a 5-7 year time horizon.
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Dividends: The Gift that Keeps on Giving >>
In this segment, Jerry answers the most pressing and relevant questions from our listeners.
Finally, many Americans may have noticed that their paycheck amounts went down beginning in 2013. In this week’s Retirement Minute, financial advisor John Bearss explains why and and what you should know.
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Best
Listen as veteran precious metals advisor, Tom Cloud, keeps you up-to-date on the gold and silver markets. Updated biweekly.
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