U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Retirement
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 01-02-2016, 11:22 AM
 
22,769 posts, read 26,219,013 times
Reputation: 14558

Advertisements

Quote:
Originally Posted by mathjak107 View Post
HIGHER RATES AND HIGHER INFLATION ARE USUALLY JOINED AT THE HIP .
Higher rates are typically pursued by policymakers as an antidote to inflation. Higher rates do not cause inflation.

At today's Fed, there doesn't seem to be a lot of agreement on how to measure inflation anymore. In many cases they're looking at unemployment rates.

Last edited by le roi; 01-02-2016 at 11:45 AM..
Reply With Quote Quick reply to this message

 
Old 01-02-2016, 11:24 AM
 
Location: Baltimore, MD
3,745 posts, read 4,218,356 times
Reputation: 6866
Quote:
Originally Posted by mathjak107 View Post
while yes that is the average check , for retirees it is higher . the average numbers take in to consideration all those who collect pre 62 like children . it looks like most folks file early when you look at the raw numbers of those collecting at 62 .

but once you dissect the numbers you find retirees are actually taking it later then 62 as a group . the problem is there is no differentiation made .
Not quite correct. A retired worker's average benefit is about $1340/month.

https://www.ssa.gov/policy/docs/quic...stat_snapshot/


Last edited by lenora; 01-02-2016 at 11:29 AM.. Reason: corrected link, etc
Reply With Quote Quick reply to this message
 
Old 01-02-2016, 11:24 AM
 
71,589 posts, read 71,751,865 times
Reputation: 49194
yep . higher inflation and higher rates generally go hand in hand . sometimes the spread is a little better and sometimes a little worse . we have had negative real returns on cash instruments at all sorts of rates .
Reply With Quote Quick reply to this message
 
Old 01-02-2016, 11:26 AM
 
71,589 posts, read 71,751,865 times
Reputation: 49194
Quote:
Originally Posted by freemkt View Post
You appear to see a monolithic group of those who "weren't prudent enough to save enough for retirement". In addition to your group I see also a group of those who did not earn enough to adequately save for retirement, e.g. burger flippers.

Do you make any distinction between these two groups and are different policy approaches appropriate for each?
none
Reply With Quote Quick reply to this message
 
Old 01-02-2016, 11:29 AM
 
71,589 posts, read 71,751,865 times
Reputation: 49194
Quote:
Originally Posted by lenora View Post
Not quite correct. A retired worker's average benefit is about $1340/month.

https://www.ssa.gov/policy/docs/quic...stat_snapshot/
no one is average though . half get more and half get less
Reply With Quote Quick reply to this message
 
Old 01-02-2016, 11:32 AM
 
Location: SoCal
13,229 posts, read 6,331,374 times
Reputation: 9849
Isn't SS the safety net for the 31% who don't have anything as far as retirement benefit? Not a life of luxury in high COL but why live in high COL area if you don't have resource. Wasn't there a thread about somebody move to Las Vegas on very limited income.
Reply With Quote Quick reply to this message
 
Old 01-02-2016, 11:39 AM
 
33,046 posts, read 22,062,610 times
Reputation: 8970
Quote:
Originally Posted by mathjak107 View Post
none

You expect the low-income frugal to save as much as the middle-income wastrels?
Reply With Quote Quick reply to this message
 
Old 01-02-2016, 11:41 AM
 
71,589 posts, read 71,751,865 times
Reputation: 49194
no , i expect the middle class wastrels to be on par with the frugal lower income earners .
Reply With Quote Quick reply to this message
 
Old 01-02-2016, 11:41 AM
 
33,046 posts, read 22,062,610 times
Reputation: 8970
Quote:
Originally Posted by NewbieHere View Post
Isn't SS the safety net for the 31% who don't have anything as far as retirement benefit? Not a life of luxury in high COL but why live in high COL area if you don't have resource. Wasn't there a thread about somebody move to Las Vegas on very limited income.

Not really, since SS was never intended to be a retiree's sole source of support.
Reply With Quote Quick reply to this message
 
Old 01-02-2016, 11:42 AM
 
33,046 posts, read 22,062,610 times
Reputation: 8970
Quote:
Originally Posted by mathjak107 View Post
no , i expect the middle class wastrels to be on par with the frugal lower income earners .


So you don't expect the low earners to save anything for retirement?
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Retirement
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top