49% of Americans aren't saving for retirement

• sleeper

  

  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?
• FatHobbit

  

  Why should we save when we're going to have social security?
• goosebumps

  

  Then they shouldn't expect me to take care of them when they can't work anymore. How ignorant are people?
• sleeper

  

  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.
• justincredible

  

  Yeah, I really have no hope for our future as a country.
• ernest_t_bass

  

  I have a built in retirement system in my job. My wife has zero, and we pay for zero.
• Heretic

  

  Meh, why save... The speedballs will get me before retirement does.
• Belly35

  

  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
• FatHobbit

  

  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:
• gerb131

  

  I'm going to win the lottery.
• ZWICK 4 PREZ

  

  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?
• sleeper

  

  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.
• jmog

  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.
• FatHobbit

  

  jmog;1167042 wrote: 3. If you are being sarcastic...kudos.

  This. It's a giant ponzi scheme.
• like_that

  

  Gay marriage is a more important issue though /sarcasm.
• justincredible

  

  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".
• FatHobbit

  

  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.
• Heretic

  

  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!
• justincredible

  

  FatHobbit;1167080 wrote:I don't think you can fix gay.

  Oh, HA HA.
• gut

  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.
• like_that

  

  justincredible;1167073 wrote:Definitely not a more important issue. It is, however, a lot easier to "fix".

  Indeed it is.
• jmog

  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.
• dlazz

  I am saving for retirement, but I don't anticipate being alive that long.
• justincredible

  

  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?
• dlazz

  Absolutely. I have a life instance policy through my employer too, you can cash in on that as well.