Posted on 03/06/2018 8:30:09 AM PST by C19fan
At this rate, retirement is more of a fantasy than a reality for many people in this country.
About 42 percent of Americans have less than $10,000 saved for when they retire, according to a study by GoBankingRates released Tuesday.
(Excerpt) Read more at cnbc.com ...
Well, I wan’t broke when I retired but now......................
More ground prep for Universal Basic Income.
Meaningless statistic.
and the flip side of the universal income argument which is never spoken is: the money has to come from someone! Hence, when more than half of the population pays no income tax and even gets money over and above what they may have paid in, the producers get socked.
When I heard 50% of those surveyed thought the tax cut was a good thing (as opposed to more than 50% which seemed more likely), one has to consider that half of those surveyed don’t pay taxes to begin with. In fact, they look at it as less money in means less bennies for them. F em I say.
Why wait until retirement? I’m broke now.
And confiscation of 401ks and IRAs.
How does one retire if one is “broke”?
If you want to eat and have a roof over your head, you don’t retire.
Retirement is becoming, for many, an unreachable, outdated concept.
One benefit of moving to KY, for us, is that we can live comfortably on SS alone, if it were to come to that. We’re both 64...
I’m 85 and I Wanna Go Home!
https://m.youtube.com/watch?v=H2zkZgZYEng
and 44% get food stamps.
the whole concept of retirement was created during the great depression to get older workers to step aside to open up jobs for younger ones.
It’s all bs
Same here. We put money into real estate as well.
We could retire in a couple of years and live comfortably if we didn’t have to worry about affording health insurance. Thanks to Jughead, insurance would cost about half of our monthly expenses...
Hard to save for retirement if you’re paying four to five figures in property taxes....
Yep. Get the house paid off and it makes it even sweeter. It’s what we’re working towards.
Retirement is fairly new concept in the history of man.
People began working as children and continued until disabled or died. This explains why large families were a necessity. Children were the social security in the past.
Retirement is still possible, but it takes planning and sacrifice when you are young. You can not wake up at 60 and realize you don’t have a plan.
My first thought.
It would appear that Millenials are the first true generation that is inclined towards Socialism. Sure, in the past there have been pockets of fringe groups wanting Socialism, but Millenials, who went all in for Bernie, seem the most eager to see Socialism implemented as evidenced by the universal basic income appeal.
It's always in the best interest of the least industrious of society to demand Socialism. Bernie promised a lot of free... stuff.
The Boomer generation were a very selfish lot, but Millenials truly believe they are deserving of all and should be rewarded for just showing up. Guaranteed basic income rewards Millenials and the least industrious with the wealth created by others and rewards their self-esteem because they showed up, therefore they should certainly be given "something"!
However, instead of taking money from the government (taxpayers), the principal has been established that the next source of money for profligate banks will be your deposit accounts. Yeah, that’s right, the money to stabilize the banking sector during the next crisis will come out of your savings and checking accounts.
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