Suze Orman: These 5 moves will keep you out of the poorhouse in retirement




  • In Business
  • 2021-10-17 02:00:00Z
  • By MoneyWise
Suze Orman: These 5 moves will keep you out of the poorhouse in retirement
Suze Orman: These 5 moves will keep you out of the poorhouse in retirement  

Everyone hopes that, after decades of hard work, they'll retire rich enough to spend decades more enjoying the fruits of their labor.

But if you ask financial guru Suze Orman, the average American is nowhere near ready. Their savings won't last decades - they'll last about three years.

Research by the Transamerica Center for Retirement Studies found the median savings in this country is just $144,000. That might sound like a healthy amount, but seniors 65 and older spend an average of $46,000 a year, the Bureau of Labor Statistics says.

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