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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (278541)	3/5/2006 10:28:51 PM
From: Amy J	Respond to of 1571406

Elroy, so what happens when those irresponsible people retire - will they take money from those that lived frugally in order to save? Maybe a person should not save for retirement - one financial reporter said the tax rate will probably be so much higher later on, that it's better not to put money into anything that's tax deductible right now, since the tax rate is currently low. In otherwords, she said get your money taxed now (when the rates are low) rather than later (when the boomers retire and raise taxes to pay for their lack of savings.) Can you believe that advice? ... Only in America ...

To: Elroy who wrote (278541)	3/7/2006 5:44:13 PM
From: tejek	Read Replies (2) \| Respond to of 1571406

Meet the typical American family. It has about $3,800 in the bank. No one has a retirement account, and the neighbors who do only have about $35,000 in theirs. Mutual funds? Stocks? Bonds? Nope. The house is worth $160,000, but the family owes $95,000 on it to the bank. The breadwinners make more than $43,000 a year but can't manage to pay off a $2,200 credit card balance... I am not surprised......from what I understand, the US has one of the worst savings rates among the developed nations. BTW did you ever figure out why the Saudi stock market fell 2000 pts? I can't imagine what caused the drop.