livingalmostlarge
Recycles dryer sheets
- Joined
- Feb 8, 2014
- Messages
- 334
The other thread about the CNBC article about young people don't need to save for retirement to be able to have the same standard/quality of life before and during working got me curious.
Couple of people posted about people being 70 and $500k in debt. Or being retirement age and having nothing. What happens to people then?
If you are 65 or 70 and retiring without a pension? Or do people who usually retire without any savings have a pension always? And what happens when SS is all they have? Do they normally have medicaid? And are living on so little that it's okay?
I've always thought that maybe people have paid for home they sell and use to fund retirement.
Couple of people posted about people being 70 and $500k in debt. Or being retirement age and having nothing. What happens to people then?
If you are 65 or 70 and retiring without a pension? Or do people who usually retire without any savings have a pension always? And what happens when SS is all they have? Do they normally have medicaid? And are living on so little that it's okay?
I've always thought that maybe people have paid for home they sell and use to fund retirement.