Detailed text transcripts for TV channel - CNN - 20100714:17:19:00
13% chance of not being able to pay. now the point we really want to drive home here is how much saving right now can help you later. so hard for young people or younger folks sometimes to think this far ahead. let's take a look here. bob boomer, 59 years old, he makes $59,000 a year. his 401(k) balance is $71,000. he would need to save $6,000 on top of what he already is saving just to have a really good chance of paying all his bills. you got that? he's got a ton more saving to do. there's still a ton of risk. that's because he's older. now go to the younger generation. how about javon. 35-y...
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