Suze Orman calls $2 million retirement savings insufficient for today's economy

Suze Orman has stated that a $2 million retirement nest egg is insufficient in today's economy. She argues that many people underestimate potential expenses in retirement, such as healthcare and unexpected costs. Orman criticizes the "Financial Independence, Retire Early" (FIRE) strategy, suggesting it may not provide enough financial security. She emphasizes the importance of having a substantial emergency fund to handle unforeseen expenses. In light of her comments, individuals are encouraged to save aggressively, consider working longer, and explore various income options in retirement. Orman’s views highlight the need for careful financial planning tailored to personal circumstances.