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Talking to everyday people you need to realize that many many folks count on this govt pension and Medicare to live at all when they can't work. It's not an op
by gedy 10mo ago
Talking to everyday people you need to realize that many many folks count on this govt pension and Medicare to live at all when they can't work. It's not an option. Company pensions are long gone, and 401Ks are only somewhat recently starting to take hold on younger people as a must have.
- bluGill 10mo ago401k already covers more people than pensons ever did. and that is before we account for the pre-reform cases where the pension lost it all. (Though some 401k is lost to scams)
- gedy 10mo ago"covers" is pulling a lot of weight here, I know a lot of folks with pretty small balances, and/or who "had" to withdraw due to medical or other emergencies. They need a govt pension, otherwise we are going to have a lot of people on the streets.
- bluGill 10mo agoI do not know how to get data for how much people have in 401ks. I do know a lot of people didn't have a useful pension back in the day too. Government pensions are too one size fits none though. If you want to retire when you are still able to work you have to save for yourself, nobody else will take care of you like you want.
- gedy 10mo agoI think we are in agreement on your points, I'm only stressing that we can't take an attitude of "sucks to be you!" if Social Security "runs out of money". Many folks will need this, no matter how they got to that point.