Reply #22: Well, I see things differently

[flamin lib]

"No they won't. They aren't being given anything except being forced to put 5% of their income into a horrible savings plan. That is all it is the savers money (forced by govt) into a horribly returning funds."

As it is now almost 25% of American retirees live on cat food or near to it.

It's nice to have the kind of nest egg you do (me too for that matter) but the fact is that an awful lot of Americans don't. Then people like you and me get to help them out. Take my next door neighbor who turned 90 last week. She lives on SS and food stamps. I managed to get her a $25,000 grant to refurbish her home so it wouldn't be condemned. You and I pay for those food stamps and the grant. Multiply that by a couple million or so.

The fact that this study was based on a worst case scenario and it still achieves a livable income of 70% of earned income is not laughable or horrible. It's survival for nearly 25% of people who worked their whole life and didn't do what you and I have.

Why base it on such low returns? Because that's the way studies are done.