msprint wrote:
> I work in an office with a lot of younger folks who live paycheck to
> paycheck. My retirement isn't in jeopardy, but speaking with them, I
> can tell you they don't have much faith the system providing for
their
> youngsters. They are hard pressed to get by, much less invest
anything.
> Telling them they might be gambling with their retirement money and
not
> getting a guarantee is not the message they need to hear.
The problem is that if they live paycheck to paycheck, one of the
reasons they have less to spend is the 6.2% they and their employer pay
into Social Security. Common sense says that should be a sufficient
investment over a lifetime to garner a fair retirement fund. It isn't
an entitlement from the government, and it isn't an insurance policy.
It is real money that is taken from wages, and is currently doled out
by the government.
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