Dave Ramsey: Do This First If You’re 60+ With No Retirement Savings

Core Insights - A significant portion of Americans, nearly 1 in 3, lack retirement savings, with 25% of those aged 55 to 64 also in this situation [1] Group 1: Financial Challenges - A woman named Jenny, aged 61, has no retirement savings and is facing multiple financial stressors, including low income and living in low-income housing [3] - Jenny has $22,000 in savings from selling her home but no additional retirement funds [3] Group 2: Income Issues - The primary issue identified by financial expert Dave Ramsey is Jenny's low income from her part-time job as a cashier [4] - Ramsey emphasizes that increasing Jenny's income could alleviate much of her financial stress [5] Group 3: Solutions and Recommendations - Ramsey suggests that Jenny should seek higher-paying work or consider self-employment to control her income [6] - He recommends starting a side business reselling items online, which could potentially generate significant income [7]