Retirement money fears now grip a record majority of working Americans

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    Apr 25, 2011 3:48 PM GMT
    http://latimesblogs.latimes.com/washington/2011/04/gallup-record-retirement-worries.html

    A new Gallup Poll out this morning finds a record 53% of Americans who aren't retired figure by the time they reach their so-called golden years they won't be able to afford it.

    That percentage is up about 20 points since 2002.
    This isn't just some hypothetical political discussion point.

    Polls and interviews show an almost palpable sense of unease across the country these days as one-time givens -- a family's home is its largest and safest investment, for instance -- turn to mush in a new era of perpetual fiscal and partisan political uncertainty.
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    Apr 25, 2011 4:22 PM GMT
    riddler78 saidhttp://latimesblogs.latimes.com/washington/2011/04/gallup-record-retirement-worries.html

    A new Gallup Poll out this morning finds a record 53% of Americans who aren't retired figure by the time they reach their so-called golden years they won't be able to afford it.

    That percentage is up about 20 points since 2002.
    This isn't just some hypothetical political discussion point.

    Polls and interviews show an almost palpable sense of unease across the country these days as one-time givens -- a family's home is its largest and safest investment, for instance -- turn to mush in a new era of perpetual fiscal and partisan political uncertainty.


    Must be the latest scare tactic coming out of fox news. Heard a lady at Easter brunch yesterday telling my mom that if she voted for Obama, she would lose her entire retirement.

    Hadn't heard that scare tactic yet. Figured it was a smoke/mirrors tactic to hide the fact the GOP was trying to dismantle Medicare.
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    Apr 26, 2011 3:32 AM GMT
    catfish5 said
    riddler78 saidhttp://latimesblogs.latimes.com/washington/2011/04/gallup-record-retirement-worries.html

    A new Gallup Poll out this morning finds a record 53% of Americans who aren't retired figure by the time they reach their so-called golden years they won't be able to afford it.

    That percentage is up about 20 points since 2002.
    This isn't just some hypothetical political discussion point.

    Polls and interviews show an almost palpable sense of unease across the country these days as one-time givens -- a family's home is its largest and safest investment, for instance -- turn to mush in a new era of perpetual fiscal and partisan political uncertainty.


    Must be the latest scare tactic coming out of fox news. Heard a lady at Easter brunch yesterday telling my mom that if she voted for Obama, she would lose her entire retirement.

    Hadn't heard that scare tactic yet. Figured it was a smoke/mirrors tactic to hide the fact the GOP was trying to dismantle Medicare.





    THE REPUBS WILL SAY ANYTHING to try to get folks to vote Repub.
  • metta

    Posts: 39155

    Apr 26, 2011 3:46 AM GMT
    I don't plan on retiring. In 2002, I could have easily seen that. Today, I can't. Being self employed, I don't have a pension and I have not been able to put away the amount of money it would take to retire. My best friend/business partner died 6 years ago and it has been really tough to run the business on my own, take care of the house, and keep up with the community events. That and a combination of the economy have made things not as easy as they were.

    I have neighbors that are retired and have seen what they did. They seem to have had government jobs with 6 figure pensions and also have all kinds of investments, including owing and renting out several other properties, owning other side businesses, and big savings on top of that. On my own, I just don't think that I can do it. At least at the moment. I'm hoping that I come up with something new that will have a lot of potential. Not as easy to do when I already have a lot of responsibilities. I'm not complaining. I think that I'm still doing better than most. But realistically, I can't see myself retire.
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    Apr 26, 2011 3:51 AM GMT
    I'm not seeing this as a Republican scare tactic. But in my opinion this is all the more reason to begin truly buttressing the Social Security and Medicare funding now (an increase on the top wage earners, and increasing the Social Security pay cap from $100,000).
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    Apr 26, 2011 4:26 AM GMT
    The rational solution: Need to increase the amount of taxable income funding Social Security so we will have a thriving system for all Americans for the foreseeable future.

    Republicans: Let's get rid of Social Security and whoever makes it, makes it!