Fund Quote by John C. Goodman
“We're looking at a huge gap between what an entire generation thinks is going to happen during its retirement years and the funds that are there - or, more accurately, are not there - to make good on all those promises.”
About This Quote
Source Interview: Economic Outlook, John C. Goodman, 2019
Retirees overestimate future finances, while actual savings fall short, creating a large shortfall.
In simple terms: Retirement savings are insufficient.
Key Takeaway
Plan realistically and adjust expectations.
Themes
finance
retirement
generational expectations
Mood
concerned
pragmatic
Type
financial
analytical
When to use this quote
- personal budgeting
- financial planning
- policy advocacy
- education programs
Key Concepts
economics
risk management
Questions to Reflect On
- How can you safeguard retirement funds?
- What policies could close the gap?
A Different Perspective
Market volatility can worsen gaps.
![“When the fountains of government [borrowing] abundance began to dry up, when through lack of funds and the impossibility of negotiating fresh loans the state was forced to check the extension of bureaucracy and to put a stop to public works, then and then only did the Italians realize what it…” quote by John T. Flynn](https://sms4smile.com/quotes/img-quotes/908/john-t-flynn-18493_abundance_when-the-fountains-of-government-borrowi_2663.jpg)
