Retirement Disaster: The High Cost of Wall Street's Gambling

The Federal Reserve shafted taxpayers with the bailout and then shafted them again with 0% interest rates

Despite an artificially levitated stock market at all time highs, most small investors wisely left the casino a long time ago. Two gut wrenching 55% declines in the span of five years convinced people - rightly so, that the stock market is rigged in favour of Wall Street and corporate insiders.

Unfortunately, one of the main outcomes of 2008 was 0% interest rates for savers, putting shellacked small retirement investors further behind the eight ball...

The 2008 Wall Street Bailout, the gift that keeps on giving

The average 60 year old has a mere ~$111,000 in retirement savings (401k+IRA):

Retirement Savings for the oldest age group have declined since 2010:

Data from the Federal Reserve:

THIS EXCLUDES PEOPLE WHO HAVE NO SAVINGS !!!
i.e. whoever put together this statistic also creates the monthly unemployment report which conveniently excludes people who have given up looking for work.