Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (263041)	4/29/2008 3:58:48 PM
From: c.hinton	Read Replies (1) \| Respond to of 281500

The fed conclusion seem to be that many peoples financial security in retirement is in doubt and as if house values decline those numbers will increase... "However, about 18 percent of households do not have the wealth needed to generate income of at least 150 percent of the poverty line over their expected future lifetimes, and 13 percent of households experience replacement rates of less than 50 percent. Most of the households with "inadequate" resources are single at the time of the interview--some who have been recently widowed, and some who were never married" "Finally, our results should not be taken to imply that current household savings are necessarily sufficient in the long-run macroeconomic sense. Given the broad demographic trends at work over the next half century, including declining fertility and increasing longevity, a higher household savings rate could, by increasing the size of the capital stock, significantly reduce the burden of higher taxes or lower spending that will otherwise fall on following generations."