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I was having in mind europe's imminent pension fund tragedy a few years down the road. Even if americans don't have statewide retirement funds, when a crisis er

by return0 12y ago

I was having in mind europe's imminent pension fund tragedy a few years down the road. Even if americans don't have statewide retirement funds, when a crisis erupts, pensions are one of the first things that does get cut. These costs, and also healthcare will eventually be shared by everyone. This has already happened in europe's southern bankrupt economies

morgante 12y ago
Obviously the solution is to not depend on pensions (which I don't think most young Americans are planning on anyways). It's awfully hard to lose your own savings though. Basically, "everyone" is hyperbole. Obviously many people can retire fine, if you live within your means and consistently save.