How Millions Retire With Nothing in Savings
How Millions Retire With Nothing in Savings  
Podcast: The Personal Finance Podcast
Published On: Mon Dec 08 2025
Description: Join the community built to help you master your money, stay accountable, and reach financial freedom. 👉 Join ⁠Master Money Academy⁠ today! In this episode of The Personal Finance Podcast, Andrew reveals how millions of Americans retire with far less than $1 million—the 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. Listen to The Business Show ⁠here⁠. Join ⁠The Master Money Newsletter⁠ where you will become smarter with your money in 5 minutes or less per week Here! Partner Deals Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at ⁠Indeed.com/personalfinance⁠ Get 50% Off Monarch, the all-in-one financial tool at ⁠www.monarch.com/PFP⁠ Chime: Start your credit journey with Chime. Sign-up takes only two minutes and doesn’t affect your credit score. Get started at ⁠chime.com/⁠  DELL: Get a new Dell AI PC starting at $749.99, at ⁠Dell.com/ai-pc⁠. Policy Genius:  Go to ⁠policygenius.com⁠ to get your free life insurance quote. Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at ⁠shopify.com/pfp⁠ Wayfair: ⁠Shop outdoor furniture, grills, lawn games, and WAY more for WAY less⁠ DeleteMe: Go to⁠ https://joindeleteme.com/PFP20/⁠ and Use Promo Code PFP for 20% off! Plaud AI https://www.plaud.ai/ — an AI wearable gadget that takes notes of meetings and calls. With Plaud, you don’t have to take notes and make summaries anymore.   Resources Mentioned ⁠The Total Cost of Ownership Calculator⁠ Links of the Episode Mentioned: ⁠The 1-3-6 Method For Building & Managing Your Emergency Fund ⁠ ⁠The Average Retirement Savings By AGE! (2025 Edition)⁠ Connect With Andrew on Social Media: ⁠Instagram⁠ ⁠TikTok⁠ ⁠Twitter⁠ ⁠Master Money Website⁠ ⁠Master Money Youtube Channel⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices