DEAR READER,

PERSPECTIVE

From Michael Batnick, of Ritholtz Wealth Management, via my friend Bob Veres.

Recently, the DOW fell 3% in one day. That was the 307th time the Dow has fallen 3% in a day over the last one hundred years.

11-2019_01

OSTRICH PLANNING

Almost Half of All Americans Fear They’ll Outlive Their Savings

“This is actually a pretty big worry for many of us, with respondents to a recent survey by the financial services company Northwestern Mutual indicating that, on average, there’s a 45% chance they’ll outlive their savings. Yet despite fears about ending up a broke senior, 41% of respondents said they haven’t taken any steps to address this concern.

“There’s a very real chance many people won’t have enough money to support them through their later years—especially as the same survey found 22% of Americans have under $5,000 saved for retirement and 15% have nothing saved at all.”

Don’t let this be YOU!

https://www.fool.com/retirement/2019/09/08/almost-half-of-all-americans-fear-theyll-outlive-t.aspx

AND THE WINNER IS…

According to a recent Gallup poll, some 63% of American adults drink alcohol—and their favored beverage is beer. Some 42% of American drinkers prefer beer, compared to 34% who choose wine, and just 19% who enjoy spirits the most.

https://www.usatoday.com/story/money/2019/09/14/how-much-beer-did-the-average-person-drink-in-every-state/40109241/