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Politics : Politics for Pros- moderated

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To: Neeka who wrote (101650)	2/22/2005 3:06:00 PM
From: Lane3	Read Replies (2) of 793738

<<more than half of all households closing in on retirement won't be able to string together enough money...to cover 75 percent of what they're making now.>> That article makes an interesting assumption, at least one I hadn't considered before. <<But ask yourself this: Could you live on half or less of what you're making today?>> Yes, I can and do. The notion that people will need 75% of what they were earning assumes that employed people nearing retirement need all their earnings to live on. I would think that at that point in their careers and lives, for most, their salaries would be up and their expenses down so there would be surplus income. 75% of pre-retirement expenses makes sense to me as a basis for the article's headline, not 75% of pre-retirement income.

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