4 ms·
> In the US our entire retirement system is based on saving several million dollars and living off unearned returns on that money. This sounds more like a fant
by tmnvix 9y ago
> In the US our entire retirement system is based on saving several million dollars and living off unearned returns on that money.
This sounds more like a fantasy for most people - certainly not the basis for the entire retirement system.
- throwaway2016a 9y agoYou're not wrong. I make a decent amount of money and I'm still scared to death I won't be able to afford it. But Social Security in this country is not enough to have a good standard of living (doesn't even pay rent in most nursing homes) and might not even be solvent by the time I retire. Edit: most of the time the younger members of the family end up taking on the burden of supporting the elder members.