I don't even know what you're actually saying here. That if people earned more money they wouldn't save more? That it wouldn't matter if they did because interest rates are low at present?
Retirement: A third have less than $1,000 put away
- Thread starter signalmankenneth
- Start date
I don't even know what you're actually saying here. That if people earned more money they wouldn't save more? That it wouldn't matter if they did because interest rates are low at present?
It doesn't ever occur to Liberal dunces why there are people in the world who live paycheck to paycheck or make minimum wage. That's because Liberal dunces have no concept of what personal responsibility is and the consequences of bad choices in life.
Instead, Liberals parrot the dimwitted talking points that their dishonest leaders spoon feed to them in order to fool the gullible dunces to vote for them.
Instead, Liberals parrot the dimwitted talking points that their dishonest leaders spoon feed to them in order to fool the gullible dunces to vote for them.
Cancel 2016.2
The Almighty
Better than the failing pension systems... unless of course you think shafting future generations is ok.
evince
Truthmatters
ooh really explain why the "failed"?
Of course you can't understand; you're a liberal. Let me get my crayons out and attempt to enlighten you.
What he is saying is that arbitrarily raising the minimum wage will not change the bad habits and poor choices that are the cause of poverty and therefore, not have any effect on people's poverty or status.
Poverty is not a result of outside forces; but rather personal choices and bad behavior which have consequences.
evince
Truthmatters
http://www.nytimes.com/2005/10/30/magazine/30pensions.html?pagewanted=print&_r=0
The End of Pensions
The End of Pensions
evince
Truthmatters
fucking sociopath
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The Almighty
They are vastly underfunded. The states and municipalities (along with corp pensions) have skirted funding these programs because they don't have enough revenue to actually keep up with the promises they dole out. Add in the fact that they have been grossly mismanaged by the various entities... not to mention they 'project' rates of return that are not reasonable in order to fund them less.
Taft2016
Verified User
Yeah.
If you put $1000 in the bank for a year at 1% interest, and during the course of the year there occurs 1.6% inflation rate (last year's figure), you've lost money by saving it.
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Canceled
It's not really a "your." While I agree w/ you that a lot of Republican ideas have failed, I think what many on the left have failed to realize is how much excessive spending has played a part.
If, somehow, America had been able to maintain a balanced budget for the past 50 years, there wouldn't be the worries we have about the next crash & retirements & jobs.
LMAO; you really are an uninformed dunce.
cawacko
Well-known member
Yoda specifically referenced the minimum wage being too low for people to live on and save. I'm simply saying that if the minimum wage is raised that really isn't going to change. In general if one earns more money yes it gives them a chance to save (more) assuming of course they don't increase their consumption by the amount of their increased income.
And in today's interest rate environment putting money into a savings account isn't really all that desirable.
BINGO!!