On 2010-04-27, F George McDuffee wrote:

While the amount of capital accumulation required for a secure
retirement is indeed at least a million dollars U.S. [or local
equivalent], what never seems to be mentioned is *HOW* such a huge
sum is to be accumulated. When median income is assumed, this
"retirement fund" represents 50% or more of an individuals gross
pay, and considerable more than that when compared to net disposable
income. Falling real wages/benefits, rising inflation and taxes,
excessively low interest rates, minimal dividend payments, and
pension fund fraud are yet more adverse factors.

I know a number of people who live on SSI in Section 8 apartments.

They are doing just fine.

i