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woo me with science

(32,139 posts)
37. You can't plan on not being a burden if it is impossible to
Wed Aug 8, 2012, 08:26 PM
Aug 2012

live so that you have something in reserve. Whether you plan to leave it to your children or bury it in a park, the point is that more and more people have NOTHING left over...or they are crushed by debt. Life happens. Medical emergencies happen. You become a "burden" despite your best intentions. The restructuring that the one percent have perpetrated on our financial system, our commerce, our taxation, our wages and cost of living, our medical and banking systems has driven millions into poverty. It is unconscionable, in a country with the wealth of the United States, that living and then dying penniless are becoming so commonplace.

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Reuters: Why you may retire in poverty [View all] woo me with science Aug 2012 OP
LOL what retirement? Marrah_G Aug 2012 #1
A line I omitted, trying to stay to four paragraphs: woo me with science Aug 2012 #5
If there is a job. Lex Aug 2012 #10
yup- pretty sure that will be me Marrah_G Aug 2012 #14
It's the euphemism they use nichomachus Aug 2012 #15
That percentage in 1998 was only that high SheilaT Aug 2012 #2
The headline doesn't sound so bad if you say it in a Jeff Foxworthy voice... Odious justice Aug 2012 #3
Du rec. Nt xchrom Aug 2012 #4
The GOP could never have pulled off privatizing SS leftstreet Aug 2012 #6
It took Nixon to go to China... woo me with science Aug 2012 #8
Contrast with Congressional pensions suffragette Aug 2012 #7
I DO BEGRUDGE CONGRESS THEIR PENSIONS! They are the reason most of us will spend... Raster Aug 2012 #9
Yes, the fairness problem is getting really stark. If they want to continue enough Aug 2012 #11
Unfortunately, Congress will not consider the "big picture." It is PAINFULLY OBVIOUS we cannot... Raster Aug 2012 #12
Well said. It's time to face reality. woo me with science Aug 2012 #17
Yes, very well said tilsammans Aug 2012 #46
+1B I very much begrudge them their lavish pensions magical thyme Aug 2012 #19
"IT WAS ALL A LIE! YOU WILL HAVE TO WORK UNTIL YOU DIE! yellowcanine Aug 2012 #13
Get out of debt and live within your means. cbdo2007 Aug 2012 #16
I'm sorry but that's pretty sanctimonious. Le Taz Hot Aug 2012 #20
yes, on all counts. +1 n/t KarenS Aug 2012 #31
Ok, you're right. Go far into debt and live well beyond your means, and you'll be just fine cbdo2007 Aug 2012 #49
Sometimes people do that, but end up broke anyway due to bad luck or health issues TwilightGardener Aug 2012 #23
I have no debt. RebelOne Aug 2012 #27
Even with your scenario, REAL inflation is eating away at your budget. dixiegrrrrl Aug 2012 #34
That is true. RebelOne Aug 2012 #36
A bitter LOL. 62% of bankruptcies are due to medical bills riderinthestorm Aug 2012 #35
Thank you. nt woo me with science Aug 2012 #38
I dont mind living in poverty maindawg Aug 2012 #18
Social security benefits have gone up. RebelOne Aug 2012 #39
The retirement problem is an extension of the incomes problem. hay rick Aug 2012 #21
Yep, we hear a lot about jobs coming back. woo me with science Aug 2012 #25
For seniors: How does a reverse mortgage work if your mortgage is underwater? tclambert Aug 2012 #22
And even for those who can still use one, woo me with science Aug 2012 #24
My goal was never to pass something on to my children NNN0LHI Aug 2012 #33
You can't plan on not being a burden if it is impossible to woo me with science Aug 2012 #37
Those actors pushing for these so called programs that take advantage Digit Aug 2012 #47
Only money that can be taken out with a reverse mortgage is equity NNN0LHI Aug 2012 #26
How can the head of the National Institute for Retirement Security say this? BeyondGeography Aug 2012 #28
The only part of the post I don't understand is people over 50 owing more than virgogal Aug 2012 #29
It's nice that you made quite abit on your property. KarenS Aug 2012 #30
That's why I used the phrase "a good portion" because I certainly couldn't include everyone. virgogal Aug 2012 #32
I'm over 50. Owned my place for almost 20 years now and the recent appraisal shows a 60% devaluation riderinthestorm Aug 2012 #40
You purchased a home and improved it and you are underwater after almost 20 years of paying on it? NNN0LHI Aug 2012 #42
We have a working farm and have refinanced once to make desperately overdue improvements riderinthestorm Aug 2012 #44
Well, that explains a lot NNN0LHI Aug 2012 #45
What's Also Bad Is That You Cannot Get A Decent Return on Your Savings Yavin4 Aug 2012 #41
Ironically, part of the problem is excess savings. hay rick Aug 2012 #43
Kick woo me with science Aug 2012 #48
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