The ‘retirement crisis’ that isn’t (80+, friends, raise)
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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.
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 .
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?
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.
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.
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?
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