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If a college student reaches his or her sophomore year without declaring an academic major, the odds of dropping out of school double.
Twenty-five percent of employees who qualify for 401(k) plans do not contribute to them (an estimate from Buck Consultants).
Approximately 80% of freshmen will either drop out or take over four years to complete a “four-year degree.”
Social Security benefits will replace only 16% of the income of married couples earning $50,000 to $100,000 and only 9.5% of the income of married couples earning $100,000 and only 9.5% of the income of married couples earning $100,000-plus (Office of Research and Economic Analysis, Pension and Welfare Administration).
Out of 100 students who start the first grade, only about 66 graduate from high school. Out of 66 students who graduate from high school only about 33 go to college.
Working people tend to think their retirement lifestyle will be better than their current lifestyle, but retirees report their standard of living has declined. Example: Twenty-six percent of workers say they are "just making ends meet," but only 16% think they will live this way in retirement. Of retirees, 20% are "just making ends meet," while 16% describe their pre-retirement lifestyle this way (Employee Benefit Research Institute).
Out of 33 students who start college, only 7 students earn their degree on schedule. Also, of the 33 students who start college about 40% drop out.