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Message
re: One in four Americans has more debt than savings
Posted on 2/22/12 at 3:49 pm to iknowmorethanyou
Posted on 2/22/12 at 3:49 pm to iknowmorethanyou
quote:
Over 90% of the US population retires with under $50K in personal savings. The problem only begins to rear its ugly head during the working years...
What scares me is what's going to happen to the few of us that properly prepare for retirement? Will it just be redistributed at some point?
2
Posted on 2/22/12 at 3:54 pm to CoolHand
quote:
What scares me is what's going to happen to the few of us that properly prepare for retirement? Will it just be redistributed at some point?
Why would it scare you if you do it right? It makes me feel safe knowing I'm doing what I need to do.
Posted on 2/23/12 at 12:16 pm to CoolHand
Yes on redistribution. We'll likely see Social Security Retirement become means tested as well as certain private retirement income sources taxed to the hilt in order to narrow the gap at some point. It's frightening to seniors, yet preventable if the right folks are elected (hard to tell who's right these days).
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