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	Name:	lakngulf -
	Subject:	Too Bad
	Date:	7/6/2010 9:10:55 AM

I may be totally wrong here, but I don't think the SocSec setup is like that. Would be great to think that what each individual has put in has been earning money for them. But the SocSec that will be paid to baby boomers (if any) will come from the wages of their children. And the children cannot afford it.

Retirements are in trouble, whether defined benefit or defined contribution: The former because these are from businesses struggling, and governments going broke; The latter because people like me did not save enough and got wiped out with a couple of crashes.

Other messages in this thread:

View Entire Thread

No Suffering with the Plebs - MAJ USA RET - 7/5/2010 11:11:08 AM

No Suffering with the Plebs - Talullahhound - 7/5/2010 4:53:46 PM

Too Bad - MAJ USA RET - 7/5/2010 5:53:38 PM

Too Bad - lakngulf - 7/6/2010 9:10:55 AM

Too Bad - Talullahhound - 7/6/2010 3:37:48 PM

No Suffering with the Plebs - MartiniMan - 7/6/2010 4:50:15 PM

No Suffering with the Plebs - Talullahhound - 7/6/2010 9:26:46 PM

No Suffering with the Plebs - Yankee06 - 7/7/2010 4:13:25 PM

No Suffering with the Plebs - Talullahhound - 7/7/2010 5:08:47 PM

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