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More blah, blah, blah on blight of Americans retirement, but updated for 2016...
03-22-2016, 07:00 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Oct 2009
Posts: 1,190
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More blah, blah, blah on blight of Americans retirement, but updated for 2016...
26th annual study by Employee Benefit Research Institute. Nothing new with the exception that "confidence" is higher about ability to retire despite basically no measurable change in finances. I guess that highlights America's indomitable spirit...
Why the Retirement Crisis Is Worse for Average Workers
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03-22-2016, 08:40 AM
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#2
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,709
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 Quote:
Originally Posted by LARS
I guess that highlights America's indomitable spirit...
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Or bad math skills 
Thanks for the link to the story. Here's a link to the study, which will definitely be an interesting read https://www.ebri.org/pdf/briefspdf/E....Mar16.RCS.pdf
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03-22-2016, 09:07 AM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2012
Posts: 6,176
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Quote:
Originally Posted by LARS
26th annual study by Employee Benefit Research Institute. Nothing new with the exception that "confidence" is higher about ability to retire despite basically no measurable change in finances. I guess that highlights America's indomitable spirit...
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Or maybe the "someone will come to the rescue, they won't really let me fail" belief.
__________________
FIREd date: June 26, 2018 - "This Happy Feeling, Going Round and Round!" (GQ)
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03-22-2016, 09:13 AM
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#4
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Quote:
Originally Posted by jollystomper
Or maybe the "someone will come to the rescue, they won't really let me fail" belief.
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I hear a lot of "my family will take care of me". 
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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03-22-2016, 09:14 AM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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"financial wellness" is starting to be a hot topic, and for good reason looking at that study
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You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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03-22-2016, 10:01 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Oct 2009
Posts: 1,190
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Quote:
Originally Posted by MichaelB
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I suspect we're both correct...
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03-22-2016, 10:28 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,391
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I forgot to save, but I'll get mine by taxing more of yours !
retirement equality !
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03-22-2016, 12:02 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Apr 2005
Location: Midwest
Posts: 2,969
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What's the old saying? "If you're not panicking you are failing to grasp the seriousness of the situation". My observations and personal experience with people is they are mostly dumbasses.
And that thing about "I'll get mine by taxing yours"? They're not even that smart. TAX CUTS! Small government! I don't see where any of that is gong to change.
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03-22-2016, 04:02 PM
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#9
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Thanks for the discussion.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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