TEST: Millennials vs. The Silver Tsunami

About 38% of early millennials will have “inadequate” retirement income at age 70, the study found, compared to 28% to 30% of early and boomers and 35% of Gen X. About 38% of early millennials will have “inadequate” retirement income at age 70, the study found, compared to 28% to 30% of early and boomers and 35% of Gen X.                                                                                                      About 38% of early millennials will have “inadequate” retirement income at age 70, the study found, compared to 28% to 30% of early and boomers and 35% of Gen X. [Wealth Daily] BY Jason Simpkins / Feb 13, 2024 Millennials vs. The Silver Tsunami A recent study by the Urban Institute shed some light on how prepared each generation is for retirement... And millennials are lagging. About 38% of early millennials will have “inadequate” retirement income at age 70, the study found, compared to 28% to 30% of early baby boomers and 35% of Gen X. Additionally, a separate study by the Center for Retirement Research said Millennials are “well behind” on total wealth accumulation. In that respect, millennials aged 34 to 38 have a net-wealth-to-income ratio of just 70% — significantly lower than the 110% for Gen X and 82% boomers had when they were the same age. Of course, that’s not to say the older generations have it made. Vanguard recently found that high-income boomers are on track to replace just 69% of their pre-retirement income in the best-case scenario and 54% in the worst-case case. This comes at a time when more Americans are poised to turn 65 through 2027 than at any time in history. More than 11,200 Americans will turn 65 every day — or over 4.1 million every year — from 2024 through 2027, creating a vast retirement wave. But are they truly ready? The Social Security program lacks funding to the tune of $23 trillion.  AI's Dirty Secret Tech Giants Don’t Want You to Know Artificial intelligence suffers from a fatal flaw that big tech doesn’t want you to know about. This flaw is the reason why ChatGPT is an impressive toy but cannot be trusted for any serious work... Why Tesla’s Autopilot keeps killing people... And why decades in, the pinnacle of robot evolution is burger-flipping. But here’s the thing... This flaw creates a once-in-a-lifetime opportunity for everyday Americans. If you know how to use it to your advantage, you could make as much as 120x your money. Keith Kohl just published a brand-new report on this opportunity. Inside, he explains what’s behind this flaw, what exactly you have to do now, and why this is an urgent situation. [See for yourself what this is all about.]( Pensions are coming up short, too, as they’re saddled with $8 trillion in unfunded liabilities. That just leaves retirement funds like 401(k)s and IRAs — but those won’t be of much help either if the market fails to pull its weight. That’s why investors need to build a wealth and retirement fortress that a corrupt, desperate government can’t touch. And there’s one guy in particular who can help you do that. I’m talking about none other than Brian Hicks — the founder of Angel Investment Research and the brand-new R.I.C.H. Report. Brian isn’t just my boss; he’s a thought leader, mentor, and investment guru of the highest order. He’s independently wealthy and a testament to the kind of success that can only be drawn from true self-reliance. It’s not an accident that Brian got where he is, and it’s not some fluke that he’ll stay there. But the truly great thing about Brian is that he’s always willing to share. He’s always open for discussion. And he always has remarkable ideas. New Oil Drilling Innovation Unlocks Texas-Size Profit Potential Nestled in Texas' Permian Basin is a secret that’s about to turn the oil industry on its head... A small firm has developed a new drilling method that puts fracking to shame. It could DOUBLE domestic oil production and transform America into the world’s No. 1 oil superpower. [See the full story behind this firm’s breakthrough "Horseshoe Well."]( Of course, you don’t have to take my word for it. You can see for yourself right here — in Brian’s just-released e-book, which you can access for FREE. That’s right, he’s giving it away — everything you need to know about the coming “Retirement Reset,” how to preserve your wealth and grow your money, and how to protect yourself and your family… [It’s all right here in a handy, condensed format.]( So if you want to ensure that your retirement is anything more than a pipe dream, [do yourself a favor](and]([check it out.]( Fight on, [Jason Simpkins Signature] Jason Simpkins Biden's New Law Triggers a Lithium Frenzy(This $5 Stock Could Explode) President Biden has taken decisive steps to jump-start domestic lithium mining and production. Under the Inflation Reduction Act, he's earmarked a massive $369 BILLION for EV and battery companies. But to qualify for the full credit, vehicles must have at least 50% of their battery metals sourced from North America by 2024... And this requirement DOUBLES to 100% by 2029. As a result, automakers are scrambling to secure their lithium supply within the U.S. This strategy not only aims to reduce U.S. reliance on Chinese lithium... But it also turns a hidden American caldera into the center of a new lithium mining age... Containing up to 120 megatons of lithium, not only does it dwarf all other known deposits worldwide by a substantial margin... But it will also allow the U.S. to fulfill its future lithium demands and achieve complete energy independence. And there's a little-known publicly traded company already leading this lithium-rich caldera. This company exclusively owns a land area as large as Martha’s Vineyard... And it’s estimated to contain 19 million tons of lithium... That’s worth a staggering $354 BILLION. This amount is more than enough to meet the global demand for over a decade! In just a few months, the company plans to start extracting 40,000 tons of lithium annually. One that could easily support the production of 1 million EVs every year. You can buy shares for just $5 right now — but not for long... [Click here for all the details before it's too late.](  [Feedback? get in touch](mailto:/newsletter@wealthdaily.com?subject=Wealth%20Daily%20feedback) [Read this email online]( [Manage Newsletters]( [Share on Twitter]( You signed up for our newsletter with the email {EMAIL}. You can manage your subscription and get our privacy policy [here](. This email is from Angel Publishing, 3 East Read Street, Baltimore, MD 21202 © Wealth Daily.