Bernie Sanders: Under $10K in Savings
on Saturday, December 19, 2015Bernie Sanders Money Quotation saying large share of Americans have under 10k in savings, not enough to get them through a few months of retirement. Bernie Sanders said:
“Nearly half of all Americans have less than $10,000 in savings and have no idea how they will be able to retire with dignity” — Bernie Sanders
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In this quote, Bernie Sanders is highlighting the precarious financial situation and lack of retirement security for many Americans. He notes that almost half of all citizens have less than $10,000 in savings, which is a relatively small buffer.
Sanders then states that as a result, nearly half the population “have no idea how they will be able to retire with dignity.” This suggests they do not have adequate retirement plans or funds put aside to support a comfortable standard of living after leaving the workforce.
Overall, the quote underscores Sanders’ view that a large portion of Americans face uncertainty and potential hardship in retirement due to insufficient long-term savings according to this interpretation.