kyounge1956
Thinks s/he gets paid by the post
- Joined
- Sep 11, 2008
- Messages
- 2,171
(snip) Are we defining "retirement security for all" as some basic level of food, shelter and health care? Or are we talking about retiring in the style that we may have enjoyed during our careers, or something close, regardless of personal savings? Is "retirement security" the same for all, or different for some? Those were off the top of my head, there are probably a bunch of other valid definitions to consider.
-ERD50
Since it was ziggy29 who originally used the phrase, perhaps he will stop by and tell us what he had in mind. In the meantime, I can only say what "Retirement Security" means to me. First, it's retirement. That means it comes after work. What provision, if any, is made for people who didn't work, for whatever reason, is IMO something separate from "retirement security". Second, it's security, which to me requires that you can't lose it and can't outlive it. Security, to me, also implies sufficiency. It's not "security" unless it's at least enough to provide a retiree with adequate food, shelter, clothing and transportation.
You asked if retirement security means being able to live in the same style we did during our careers, and it might, for someone who had always earned a very low income. It would probably have to—people who are making barely enough to live on don't have any surplus to save for the future. For most people who read this list, though, I think living as we did while working would mean more than simple security from hunger and the elements, and retirement security, IMO, doesn't include providing for those extras.