5 sad financial facts

Between 20% and 30% of those eligible for 401(k) savings don’t bother to participate.
Despite any number of books, blogs, etc., explaining the facts of liabilities vs. incoming-producing assets, most people still think that their house is an asset, not a liability.
The average 401(k) balance is only about $50,000 to $60,000, but retiring 30 years from now with an annual income equivalent to $50,000 of today’s dollars will require $3.75 million in retirement funds.
75% of all fund managers don’t out-perform the market, yet managed mutual funds are still one of the top investments.
By 7th or 8th grade, students are already being tested to ensure they’ll be ready for college academically, but they have no idea of how to prepare financially.