Last year U.S. residents paid down $277Bil of debt, while still keeping their savings rate at a respectable (for the U.S.) 3%.
Not including social security income, if you want to retire with $70k in annual income, you’ll need to have $3.7Mil in the bank (as interest rates are so low).
Interesting, in that this same $70k would put you in the top 25% of incomes.
To get in the top 5%, you would need $23Mil and your income would be $430k.
Insurance jobs in all categories are down from a year ago, except for health insurers (up .8%).
Ever hear of the Carlyle Group (private equity company)?
Their average return since their 1987 inception is 30%.
Can you imagine?!
Harvey Dorland
Pacific Recruiting
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