Posted on 03/19/2014 4:12:09 AM PDT by Red in Blue PA
Found this hard to believe.
(Excerpt) Read more at freerepublic.com ...
On LIFETIME WELFARE most likely....why should they save when they know they have FREE MONEY coming in to pay for EVERYTHING!
Bingo. Why gamble with investing when you have a sure thing from the gub’mint?
Not “gamble” but BOTHER!!
If you work for someone else and they match on a 401K, take the free money, but otherwise keep feeding the Roth IRAs and fixed annuities like Fidelity.
and 80% have less than 3 days of food in their house.
This probably hasn’t changed in 50 years.
No one bothers to tell these people that social Security was not meant to be a retirement plan.
But they would rather have that 60 inch TV.
It's really not all that comical, but I may not have put away what I should have before retirement, but my working years were cut by over a decade because of a injury.
Stock market losses got some of it, but we may have enough anyway. However, I do have well over a months groceries in the pantry and freezers.
I must be in the evil 5% being I am pretty sure I have a bit more than $1000.00 sitting around.
Most people are too preoccupied buying the latest electronic gadgets & wasting money and DO NOT CARE about putting money away for later.
**I am DEAD OPPOSITE & have retired early at 52**
Take that, Gov’t, I am not contributing to your excessive spending!!!
And many here wonder why the idea of cutting future SS and medicare is so unpopular with so many.
Set Americans free and many more will have something to set aside.
Hmmmmmmm....I don’t know if that will work anymore.
This new class of people are far more liberal and as such far more government dependent.
I did not believe it myself until the 0 got a second term.
If this country’s ability to float bonds for cash sneezes or even gets a sniffle. There is going to be a old fashioned bonfire, everywhere..
I don’t have any money set aside and know few people who do.
We must all be liberals.
There's an incredible difference between those lucky enough to have a retirement plan and those who don't," says Jack VanDerhei, the institute's research director and co-author of the 2014 Retirement Confidence Survey. "What's really striking is that 73% of those without a retirement plan, such as an IRA, 401(k) or 403(b), have less than $1,000 in savings and investments."First I object to the word "lucky" It isn't luck that these people have retirement plans. It is a conscious CHOICE for spending every penny you have now on immediate gratification vs. long term saving
And I don't find it striking at all that those without retirement plans have less than $1000. What you're seeing here is deliberate live for the moment lifestyle just a consequence of the immediate gratification group. Criminals and junkies represent the extreme of this philosophy; ignore the future and do what you want today without ever a thought for the consequences. Those without savings have this same philosophy, just not taking quite so far.
LET 'EM F*****G STARVE. I didn't save and work my a$$ off my entire life to support a bunch of lazy good for nothings.
I’m reading “Total Money Makeover” by Ramsey. He said a study found that only 3% of 65+ can afford to retire.
“fixed annuities like Fidelity”
I’m partial to our Prudential Variable annuity(SO FAR) We received a 6% bonus when we opened and when I rolled a Pension into it a year later. Guaranteed 5% per year even if the Market tanks. Of course when the market is good you do much better, up 21% after fees for the first two years.
If you live like no one else now, you will live like no one else later. Dave Ramsey.
“Lucky” completely pi$$es me off. 90% of Americans probably agree that “luck” is the key. “Now give me some”.
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