Following a Jack Cafferty report that claimed more than half of US workers had less than $25,000 in their savings accounts, The Situation Room‘s Wolf Blitzer curiously exclaimed, “Homeless shelters, get ready!”
Cafferty had noted the survey by the Employee Benefit Research Institute found that “nearly 30% of workers are ‘not at all’ confident about having enough money for a comfortable retirement. That’s a record high. Researchers point out that many people don’t even know how much they need to save for retirement.”
“Sadly, there aren’t many options as you near retirement age and don’t have money sput away,” Cafferty continued. “You can either work longer – which millions of Americans are planning to do – you can save more quickly or get a higher return on your investments. Or cut your costs. And these are called ‘the golden years.'”
The pessimistic report triggered Blitzer to make his remark urging homeless shelters to get prepared.
Watch Blitzer’s response below via CNN:
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