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Politics : Politics for Pros- moderated
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To: Lane3 who wrote (101683)2/23/2005 1:24:27 PM
From: Neeka  Read Replies (1) of 793735
 
Who is "we?"

We either want people to save or we don't.

This is a personal choice.

IMO Boomers should be saving all they can and under most circumstances usually have the wherewithall, discipline and resources to do so. With all the pronouncements about a future SS shortfall, what more incentive do we need? Let the younger generation spend like there is no tomorrow, and have their personal accounts.....pitiful as they may be.

I remember what it was like after we bought the land and built the house we saved like crazy to own. Then having to furnish it and spend on the necessities when the children arrived. It was nearly impossible to save anything. It was only later after we'd accumulated what we needed, the children went out on their own, and all the hard work of building up reputation and career that we were able to start saving real money.

I assume that is the way it is for most Americans.

I never once thought that SS would support me in my old age. Haven't we been hearing that since we've been old enough to contribute?

M
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