How Millions Retire With Nothing in Savings
Author: Andrew Giancola
December 8, 2025
Duration: 37:31
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In this episode of The Personal Finance Podcast, Andrew reveals how millions of Americans retire with far less than $1 millionāthe median retiree age 65-74 has only $200,000 saved and 40% live solely on Social Security. He breaks down how people make it work by relying on Social Security, paid-off homes, modest spending, and part-time work, exposes the hidden costs of "barely getting by" retirement, and shares a practical gameplan if you're behind so you can aim higher than just survival.
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Resources Mentioned
ā The Total Cost of Ownership Calculatorā
Links of the Episode Mentioned:
ā The 1-3-6 Method For Building & Managing Your Emergency FundĀ ā
ā The Average Retirement Savings By AGE! (2025 Edition)ā
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