As a longtime student of retirement products and planning, I’ve often been critical of most retirement calculators . I’ll go out on a post-election limb and say that it appears that most of the predictive election models suffer from similar limitations.
Retirement calculators supposedly help you determine how much money you need in the present to be able to enjoy retirement during an average lifespan. But the averages don’t work out for the situations of specific people, who aren’t average and whose lives are not governed by the assumptions built into the models.
Likewise, numerous election polls this year talked to small numbers of people and then extrapolated based on “average” voter turnout and preferences among several different groups. Even some of Donald Trump’s own pollsters told him on Election Night that he was headed to defeat, based on their interpretation of the numbers. More