Bobby Scott
New Member
I Do Not Debate Stupidity, Nor My Superiors, All Others I Teach. __Dr John Henrik Clarke
Posts: 44
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Post by Bobby Scott on Apr 15, 2013 10:34:28 GMT -7
Despite the Dow hitting all-time highs, millions of Americans still have a dismal outlook when it comes to their own ability to retire. Consider these five statistics: 46% of Americans have less than $10,000 saved for retirement. (Employment Benefit Research Institute) 40% of baby boomers now plan to work until they die. (AARP) 36% of Americans say they don’t contribute anything at all to their savings. [CNBC] 87% of adults say they are not confident about having money for a comfortable retirement. (Lifehappens.org) Expected retirement age is up to 67 from age 63. (Zero Hedge) So why, in the great prosperous country of America, are so many faced with doomed retirement dreams? Thats interesting. Read Latest Breaking News from Newsmax.com www.moneynews.com/MKTNews/retirement-facts-sean-hyman/2013/04/09/id/498610?promo_code=1316B-1&utm_source=taboola#ixzz2QYRDTt8K Urgent: Should Obamacare Be Repealed? Vote Here Now!
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Buckeye
New Member
The Game's Afoot
Posts: 336
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Post by Buckeye on Apr 15, 2013 18:55:18 GMT -7
Maybe because most people don't make enough money to put something away for retirement. Most live paycheck to paycheck. I remember when people would "pay themselves" first by putting money into a savings account. Now it's hard to even find the money to do that. Cost are going up on everything. I know some who have robbed their retirement funds to pay for their kids college. Then there's illness and the like. Seems we spend more time dipping into saving than we do replenishing it.
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Post by propagandist on Apr 17, 2013 12:56:55 GMT -7
Maybe because most people don't make enough money to put something away for retirement. Most live paycheck to paycheck. I remember when people would "pay themselves" first by putting money into a savings account. Now it's hard to even find the money to do that. Cost are going up on everything. I know some who have robbed their retirement funds to pay for their kids college. Then there's illness and the like. Seems we spend more time dipping into saving than we do replenishing it. It's beyond that. Many are living on credit. Do they live extravagant lifestyles beyond what their income can support? Maybe some do, but most can't live what they consider a comfortable life -- their due for working so hard day in and day out -- at the pittance wages most employers are willing to offer.
See this video of Elizabeth Warren before she was well-known nationally:The Coming Collapse of the Middle ClassAlso: Death of the American Middle Class Pt. 1Pt. 2
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