49% of Americans aren't saving for retirement

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sleeper's avatar

sleeper

Legend

27,879 posts
May 10, 2012 1:41 PM
http://money.cnn.com/2012/05/10/retirement/saving-retire/index.htm?hpt=hp_t2
[LEFT]About 49% of Americans say they aren't contributing to any retirement plan, according to a new survey conducted by LIMRA, a trade association for the financial services industry.[/LEFT]

Is there anyone who still thinks the US won't completely implode on itself?
May 10, 2012 1:41pm
FatHobbit's avatar

FatHobbit

Senior Member

8,651 posts
May 10, 2012 1:44 PM
Why should we save when we're going to have social security?
May 10, 2012 1:44pm
goosebumps's avatar

goosebumps

Senior Member

1,058 posts
May 10, 2012 1:45 PM
Then they shouldn't expect me to take care of them when they can't work anymore. How ignorant are people?
May 10, 2012 1:45pm
sleeper's avatar

sleeper

Legend

27,879 posts
May 10, 2012 1:46 PM
FatHobbit;1166965 wrote:Why should we save when we're going to have social security?
If you are under 50, you won't have social security. These people are going to have no money to live on after they retire. They will take more money from the responsible people that actually saved by raising taxes.

It's seriously a joke.
May 10, 2012 1:46pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
May 10, 2012 1:48 PM
Yeah, I really have no hope for our future as a country.
May 10, 2012 1:48pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
May 10, 2012 1:49 PM
I have a built in retirement system in my job. My wife has zero, and we pay for zero.
May 10, 2012 1:49pm
Heretic's avatar

Heretic

Son of the Sun

18,820 posts
May 10, 2012 1:50 PM
Meh, why save... The speedballs will get me before retirement does.
May 10, 2012 1:50pm
Belly35's avatar

Belly35

Elderly Intellectual

9,716 posts
May 10, 2012 1:55 PM
Heretic;1166981 wrote:Meh, why save... The speedballs will get me before retirement does.
or Get married to a gay and collect the entitlements of the future :)
May 10, 2012 1:55pm
FatHobbit's avatar

FatHobbit

Senior Member

8,651 posts
May 10, 2012 1:58 PM
Belly35;1166989 wrote:or Get married to a gay and collect the entitlements of the future :)
There are gay entitlements? You know this how? :rolleyes:
May 10, 2012 1:58pm
gerb131's avatar

gerb131

Senior Member

9,932 posts
May 10, 2012 2:04 PM
I'm going to win the lottery.
May 10, 2012 2:04pm
ZWICK 4 PREZ's avatar

ZWICK 4 PREZ

Senior Member

7,733 posts
May 10, 2012 2:08 PM
That's insane. We have 2 401k's, 2 IRA's and a savings account and we're 90% sure that won't be enough to retire when we'd like to. I'm not sure how you can sleep at night when you don't have anything. Who the fuck want's to work forever?
May 10, 2012 2:08pm
sleeper's avatar

sleeper

Legend

27,879 posts
May 10, 2012 2:10 PM
gerb131;1167010 wrote:I'm going to win the lottery.
Doesn't matter. The government will take it. There's no point in saving anyway. By saving and sacrificing in the short term to only get to the long term and have your wealth confiscated by those who never sacrificed, you would be a moron.

I've dropped my personal savings rate to the lowest ever(about 35%) and probably will drop that even lower as time goes on.
May 10, 2012 2:10pm
J

jmog

Senior Member

6,567 posts
May 10, 2012 2:21 PM
FatHobbit;1166965 wrote:Why should we save when we're going to have social security?
1. If you believe SS is enough to live on...lol.
2. If you believe SS will be around forever...lol.
3. If you are being sarcastic...kudos.

If you aren't saving 10-20% of your income for retirement then your kids better be ready to take care of you when you can't work...or get used to greeting people at Walmart.
May 10, 2012 2:21pm
FatHobbit's avatar

FatHobbit

Senior Member

8,651 posts
May 10, 2012 2:24 PM
jmog;1167042 wrote: 3. If you are being sarcastic...kudos.
This. It's a giant ponzi scheme.
May 10, 2012 2:24pm
like_that's avatar

like_that

1st Team All-PWN

26,625 posts
May 10, 2012 2:26 PM
Gay marriage is a more important issue though /sarcasm.
May 10, 2012 2:26pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
May 10, 2012 2:52 PM
like_that;1167054 wrote:Gay marriage is a more important issue though /sarcasm.
Definitely not a more important issue. It is, however, a lot easier to "fix".
May 10, 2012 2:52pm
FatHobbit's avatar

FatHobbit

Senior Member

8,651 posts
May 10, 2012 3:03 PM
justincredible;1167073 wrote:Definitely not a more important issue. It is, however, a lot easier to "fix".
I don't think you can fix gay.
May 10, 2012 3:03pm
Heretic's avatar

Heretic

Son of the Sun

18,820 posts
May 10, 2012 3:20 PM
FatHobbit;1167080 wrote:I don't think you can fix gay.
Sure you can! Just tell them to stop being gay and to start being straight. Works every time!
May 10, 2012 3:20pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
May 10, 2012 3:22 PM
FatHobbit;1167080 wrote:I don't think you can fix gay.
Oh, HA HA.
May 10, 2012 3:22pm
G

gut

Senior Member

15,058 posts
May 10, 2012 3:23 PM
49% is an interesting number. Makes me think of a similar number I've heard. Makes me think if I don't like paying taxes then the answer is not to save any money.
May 10, 2012 3:23pm
like_that's avatar

like_that

1st Team All-PWN

26,625 posts
May 10, 2012 3:28 PM
justincredible;1167073 wrote:Definitely not a more important issue. It is, however, a lot easier to "fix".
Indeed it is.
May 10, 2012 3:28pm
J

jmog

Senior Member

6,567 posts
May 10, 2012 3:29 PM
gut;1167100 wrote:49% is an interesting number. Makes me think of a similar number I've heard. Makes me think if I don't like paying taxes then the answer is not to save any money.
Good correlation!

However, you know the libs will spin it that "well the rich have the ability to save and the poor can't afford it!"

I don't buy it by the way, I have steadily put away a minimum of 10% my whole working career, even when I was 17 at my first job. My parents instilled in me a financial standard of 10% to savings, 10% to church/charity, 25% the government takes, and you live on the other 55%.

Even when I was below the poverty level in college I saved around 10% in an IRA.
May 10, 2012 3:29pm
M

MontyBrunswick

May 10, 2012 3:30 PM
I am saving for retirement, but I don't anticipate being alive that long.
May 10, 2012 3:30pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
May 10, 2012 3:50 PM
dlazz;1167114 wrote:I am saving for retirement, but I don't anticipate being alive that long.
Can we gay marry so I can be your beneficiary?
May 10, 2012 3:50pm
M

MontyBrunswick

May 10, 2012 4:02 PM
Absolutely. I have a life instance policy through my employer too, you can cash in on that as well.
May 10, 2012 4:02pm