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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (17722)	2/24/2004 7:38:39 AM
From: Amy J	Read Replies (1) \| Respond to of 306849

Lizzie, had a really interesting discussion the other day with an immigrant, who was puzzled why some current retires receive $5k/mo pensions, paid health care thru their former employer, and are also receiving Soc Sec benefits. (Not sure if this is true) Meanwhile, when the younger generation retires, they will not have employee sponsored health care, no pensions, and possibly no Soc Sec. I never thought much about this, until he articulated the differences. He was stunned by the differences. edit Privatization provides a venue so the young people might get some benefit, though some would not have this: "But their argument glosses over the fact that while personal savings accounts hold promise as a way to structure Social Security benefits for today's younger workers, they aren't a realistic alternative for retirees or those nearing retirement." story.news.yahoo.com