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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (21664)	7/25/2002 4:35:08 PM
From: RealMuLan	Read Replies (2) \| Respond to of 74559

Maurice, well, maybe I should say "eligible" rather than "need", hehe. But the point is at least 30% people in the US, maybe much more, have no other retirement income, so their only income after retirement is social security income. And trust me, for most of elders who have some prescriptions to fill, that money will never go to the thing you mentioned: "new SUV, a trip overseas, a television set, wine, fuel...". They are barely for the necessities, and often times, they have to cut some less important prescriptions in order to put the food on the table, or not to freeze themselves to death in winter. Not all the baby boomers have the life style you mentioned. hehe