True face of China -- A Modern Kaleidoscope Message Board

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Strategies & Market Trends : True face of China -- A Modern Kaleidoscope

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To: hui zhou who wrote (10784)	12/5/2011 7:00:30 PM
From: RealMuLan	Read Replies (1) of 12464

OT: This sentence is pretty funny: "A 65-year-old retiree would need to have $1.1 million saved to draw $50,000 a year in inflation-adjusted dollars, assuming 3% inflation and a 5% annual return from investments." The median household income in the U.S. is only $55K or so, so that means at least 50% Americans do NOT even make $50K when they are young and working, so how can they expect they could have $50K a year income after they retire? What a joke! usatoday.com

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