U.S. Treasury Secretary, Janet Yellen, casts long shadows over the prospect of a secure retirement. According to the latest financial report released by the United States government, Social Security and Medicare face a staggering underfunding of $175 trillion. To put that into perspective, that amounts to approximately $1.4 million per household, dwarfing the median household net worth in the U.S., which stands at a mere fraction of this figure.

Poster Comment:

If a married couple had worked at the minimum wage, they would have a retirement income of a million dollars provided they had contributed to a privately operated retirement program.