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The focus on 401ks has destroyed the retirement for millions of Americans over the last generation.
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<blockquote data-quote="rickyb" data-source="post: 2359807" data-attributes="member: 56035"><p>well the truth is its a combination of us being in control of our lives and not. you keep talking about personal responsibility but thats only part of it, its alot bigger than that.</p><p></p><p>yea i agree that people should not buy new cars. if you cant afford to go on vacation, whats the point of saving for retirement. </p><p></p><p>the system is so rigged, it seems like a really bad idea to put all of your eggs in the retirement basket. it would make way more sense if people took 1.5 months or 2 months off to travel every year while they are working.</p><p></p><p>the median wage in america is $15 per hour. its hard to save for retirement when half of the population is earning less than $15 per hour. wages adjusted for inflation have been falling since 1973. thats the same time wages separated from productivity. so since then productivity is way up so you have record corporate profits, and it mostly goes to the 0.1% who are the primary beneficiaries of this capitalist system.</p><p></p><p>alot of hte jobs have been outsourced to 3rd world dictatorships. shows how much the capitalists like democracy lol.</p><p></p><p>we should all be rich, but were not because the economic system so poorly distributes wealth.</p><p></p><p>and it doesnt help that companies don`t fund pensions anymore which ALOT of htem including UPS should but theyre too greedy.</p><p></p><p><a href="http://www.pbs.org/wgbh/frontline/film/retirement-gamble/" target="_blank">The Retirement Gamble</a></p></blockquote><p></p>
[QUOTE="rickyb, post: 2359807, member: 56035"] well the truth is its a combination of us being in control of our lives and not. you keep talking about personal responsibility but thats only part of it, its alot bigger than that. yea i agree that people should not buy new cars. if you cant afford to go on vacation, whats the point of saving for retirement. the system is so rigged, it seems like a really bad idea to put all of your eggs in the retirement basket. it would make way more sense if people took 1.5 months or 2 months off to travel every year while they are working. the median wage in america is $15 per hour. its hard to save for retirement when half of the population is earning less than $15 per hour. wages adjusted for inflation have been falling since 1973. thats the same time wages separated from productivity. so since then productivity is way up so you have record corporate profits, and it mostly goes to the 0.1% who are the primary beneficiaries of this capitalist system. alot of hte jobs have been outsourced to 3rd world dictatorships. shows how much the capitalists like democracy lol. we should all be rich, but were not because the economic system so poorly distributes wealth. and it doesnt help that companies don`t fund pensions anymore which ALOT of htem including UPS should but theyre too greedy. [URL='http://www.pbs.org/wgbh/frontline/film/retirement-gamble/']The Retirement Gamble[/URL] [/QUOTE]
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The focus on 401ks has destroyed the retirement for millions of Americans over the last generation.
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