Fiscal trouble ahead for most future retirees

[emptystep]

Progressives need to move to a country more to their liking

You think we need the elite? They could take every one of their stinking dimes and move to their private island and we would be better off without them. This is like colonial India. They need us. We don't need them.

 

[EdwardBaiamonte]

Social Security was never meant to be a retirement plan.

Its intention was to prevent destitution among seniors.

Well too bad because it's a retirement plan that causes destitution among seniors.

you see. it gave many a false sense of security for their old age, giving them the perfect reason not to save anything themselves.

very interesting point. THe liberals complain all the wealth is at the top in American even after they have destroyed the incentive to save with social programs growing by leaps and bounds.

 

[USNavyVet]

Social Security was never meant to be a retirement plan.

Its intention was to prevent destitution among seniors.

Well too bad because it's a retirement plan that causes destitution among seniors.

you see. it gave many a false sense of security for their old age, giving them the perfect reason not to save anything themselves.

Yes but also you have to realize there are many people who work the same jobs al their lives and barely make a real living. Those are the people SS should help the most but the return is just so terrible. There are many living paycheck to paycheck their entire lives and have little opportunity to save so that person saying it's not a retirement plan is just plain wrong. For many, it's the only retirement plan they have.

 

[SteadyMercury]

too stupid!! Republicans wanted private accounts instead of Social Security into which we would have put 15% of our lifetime income. That means we would have all retired rich ($1.4 million) rather than on the dog food money from SS.

1. You don't know what future returns will be, nor do you know in what asset classes people would invest in. Therefore any claim of what an account would be worth 45 years from now is speculation that you are stating as fact.

2. You stated before that 1.4 million would be in today's dollars. 45 years from now 1.4 million would be about 355k with a 3% inflation rate. Hardly rich.

 

[rdean]

Fiscal trouble ahead for most future retirees - The Washington Post

For the first time since the New Deal, a majority of Americans are headed toward a retirement in which they will be financially worse off than their parents, jeopardizing a long era of improved living standards for the nation’s elderly, according to a growing consensus of new research.

If we let them the GObP/Rs will make this situation a lot worse.

too stupid!! Republicans wanted private accounts instead of Social Security into which we would have put 15% of our lifetime income. That means we would have all retired rich ($1.4 million) rather than on the dog food money from SS.

A liberal finds it 100% impossible to think.

Works real good for those who make minimum wage.

Do you understand how many Republicans have nothing? They follow their leaders, but they are uneducated, poor and will depend on the very government they have been taught to hate and fear.

 

[rdean]

Progressives need to move to a country more to their liking

Or conservatives should just go ahead and "secede" like they keep threatening. It's not like they are winning many more presidential elections. Not if they stay 90% white and continue to hate minorities, education and science.