When Hillary was confronted with a question about her health care plan bankrupting a lot of small businesses her response was "I am not responsible for the undercapitalization of small businesses."
Your attitude is exactly the same as hers. You have no idea why this guy at 59 may not have enough money to retire. I suspect that having his paycheck robbed to pay for government social programs over the last 40 years may have something to do with it.
If that were the case none of us would be able to save for retirement. And, of course we know that this is not the case. Yes, taxes are ridiculously high but one can save for retirement. It's a choice that many would rather buy the next cool toy or the house with the three car garage instead.
Your attitude is exactly the same as hers. You have no idea why this guy at 59 may not have enough money to retire. I suspect that having his paycheck robbed to pay for government social programs over the last 40 years may have something to do with it.
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The lack of real money in circulation has the most to do with it. All these people who post about how easy it is to save up enough money to retire are not dealing with the devaluation of the dollar. I remember when $300.00 a month was considered plenty of money to live the life of Riley in retirement. Now it would take more like $300.00 a day seven days a week. I watched the Mephisto Waltz on tv a couple of days ago. I had never seen this movie but it was made in 1971 and the Alan Alda character inherits $100,000. unexpectedly and starts acting like a very rich man. How rich would you be with an extra hundred grand today? If you really want to know what has happened go and rent the Dick Van Dyke movie, "Divorce, American Style". This one was made in the mid-sixties and Van Dyke is living like a king in the early part of the film, huge house, beautiful (non-working) wife, kids etc. Pay attention and you will learn that his salary is "over six hundred dollars" a week. Nowadays that will get you little more than bare existence. In the early minutes Van Dyke is remarking to his wife how well things are going for them and says, "I bet you never thought you would live in a forty thousand dollar house". If we continue at the current "low inflation" rate, in another forty years a person will need to make $15,000. every week just to get by.