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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (209741)	11/28/2012 3:02:14 PM
From: Wharf Rat	1 Recommendation Read Replies (1) \| Respond to of 544083

Saving is pretty hard to do when you only make 25K a year. Take Walmart employees, for example. 80% are on food stamps. They ain't gonna be saving for old age. It's SS or nothing.

To: bentway who wrote (209741)	11/28/2012 5:17:35 PM
From: koan	1 Recommendation Respond to of 544083

<<This may be true, but it was never intended to be that. I don't know about you, but I've been informed my entire working life that I would need more than SS for retirement. Whether people pay attention is another issue.>. My point is that most people just don't do a very good job of addressing their own retirement, and usually through no fault of their own. LIfe is full of unexpected experiences. Like 2008 when the middle class lost 40% of their wealth over night. So most just can't do any better. I see it all the time selling real estate. Smart good people who are old and just do not have much even though they worked hard their whole life.? I think what SS showed us is that having a solid state retirement program that everyone must pay into is sort of a necessity given the human condition.