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Hawke[_3_]

On 2/23/2012 11:07 AM, wrote:
On Feb 23, 1:42 pm, wrote:

Get some facts before blabbing. Tell me how many Americans can retire on
what they have earned and put away during their lifetime without
government programs to help them?

Hawke

Most Americans can retire on what they earned during their lifetime.
But most Americans do not save enough during their lifetime. For most
Americans the government programs actually hurts them. As the payroll
tax for Social Security takes about 12.6 percent of their income which
leaves them less able to save.

Social Security does benefit those that make very low wages as the
benefits are highly skewed to those that did not earn much. And it
also benefits those that do not save even though they could save.
In that it takes a good percentage of what they earn and later pays
back a portion of that money.

Dan

I can tell you one of the sources I got that information from. It came
from a real estate expert named Russ Whitney but I have heard it from
other places as well. Without the forced savings of social security most
people would not save that money. Even with it most people retire on
their social security and little more. Between that and Medicare old
people can survive. Only 2% put away enough to live in the same
lifestyle they were used to when working. Only 2% of households have an
"estate" to leave. When you look at the statistics it's clear that after
a lifetime of work most Americans have very little and are lucky if they
have a house that's paid off. If you don't believe me do the research on
your own. But it just shows that after a life of work you can't say most
people were ever prosperous. That is the fact and it proves the American
dream is a myth for almost everyone.

Hawke