80% Of The Working Population At The Age Of 40 Are Financially Screwed
Written by: Daniel Richard
40s and still can’t meet any financial goals? – cc alancleaver
Yes, given Parento’s 80/20 distribution concept, it is fair to say that 80% of the working population at the age of 40 years old and above today are totally screwed financially.
This proclamation is based on a real family that I got acquainted with recently, where they are (read: claimed to be) deeply in debt, with the husband holding low-income jobs. This week alone, 3 members of that family had been hospitalized with each of them requiring medical treatment for a span of 2 to 3 days.
What were the odds for even 1 person to fall seriously ill out of a sudden?
Looking at the random faces we see in public daily, I wonder how many of them might fall into the same category as that family mentioned above? Where they have insufficient savings to tide them through till the end of the month, and mindlessly waiting for the next pay day only to go through the same vicious cycle over and over again?
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