How many of you are actually saving for retirement?

[LAM]

Most people are totally reliant on Social Security for their retirement, as few companies offer pensions.

Which means the majority of the people are totally screwed. Social Security was only meant to provide a portion of the retirement income. Basically for the majority of the population there will be no retirement, most people will be forced to work until they drop or can no longer find employment and fall into poverty. It's going to be the 1920's all over again in coming decades for the elderly.

 

[Jeeper]

Which means the majority of the people are totally screwed. Social Security was only meant to provide a portion of the retirement income. Basically for the majority of the population there will be no retirement, most people will be forced to work until they drop or can no longer find employment and fall into poverty. It's going to be the 1920's all over again in coming decades for the elderly.

Yep, especially as they are going to have to continue to raise the retirement age with the financial issues funding SS in the first place. I am strongly contemplating funding my own pension instead of other retirement vehicles. The worry is a default by the financial institution 20 years from now when I need it.

 

[Swiper]

most of that debt is from the decline in revenue from 2008. I bet you can't name one major spending bill besides the 2009 ARRA that has directly increased the deficit.
.

more like name one spending bill Obama hasn't signed into law. it all adds to the debt. let me remind you his budget plan never balances the budget.

so under the next presidents terms when the national debt doubles from 20 Trillion to 40 Trillion what will you say then?

 

[ldzp]

CEO'in 10k/day

 

[LAM]

more like name one spending bill Obama hasn't signed into law. it all adds to the debt. let me remind you his budget plan never balances the budget.

so under the next presidents terms when the national debt doubles from 20 Trillion to 40 Trillion what will you say then?

LOL...if the government was spending as much as the radicals claim economic growth would be expanding not contracting!

apparently you've forgotten who's in control of the House and who has shot down EVERY single piece of legislation out of the left since 2010. so this crazy spending is happening how exactly, magic?