'We're all afraid': Massive rent increases hit mobile homes

[PoindexterOglethorpe]

49. Many people simply spend all of their income

and save almost nothing.

I have been relatively poor much of my life and learned to live frugally. Right now, in retirement, I actually have more income than I ever had when younger.

And you should give a shit that Social Security was never intended to be someone's entire income. Because it's still incumbent on people to save something. Pensions were never universal. At their peak fewer than half of workers were covered. Often you had to work at least 20 years to get the pension. If you left one day shy of that 20 years, or if they fired you at that point, no pension. What's vastly better about 401k plans is that the money belongs to the worker, and often there are contributions by the employer. But a lot of people can't be bothered to enroll and at least get the matching amount, and then weep copiously that Social Security isn't enough to live on. Surprise, surprise. It's not breaking news that you really need to contribute to your own retirement.