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In reply to the discussion: My sis found this on FB: "Now that the Dow is at an all time high ... [View all]DJ13
(23,671 posts)78. How did you make it to 8,000 posts here?
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People who didn't like Ronald Reagan should have voted for Jimmy Carter in 1980.
graham4anything
May 2013
#3
Pensions are a rare thing for the baby boomers. Mostly only public employees have them in my
JDPriestly
May 2013
#96
Who are we actually talking about here? Could it be a baby boomer and/or a parent of one?
graham4anything
May 2013
#9
That's what I mean. During the depression seniors DIDN'T nave anything to supplement.
Fuddnik
May 2013
#54
I agree. But for the middle class, it doesn't replace SAVING for retirement.
Honeycombe8
May 2013
#60
You should save. You have to understand that right now, seniors who are saving in
JDPriestly
May 2013
#99
I bought my NJ home for about $160. It skyrocketed to $650 in value, but now about $400
graham4anything
May 2013
#22
Whatever the initial intent, the fact is that many people would have nothing w/o SS.
AnnieK401
May 2013
#21
Let's also not forget that millions wouldn't have enuf to live on w/o 401ks and pensions.
Honeycombe8
May 2013
#49
You are capable of being coherent, you slip up every once in a while and make sense
Fumesucker
May 2013
#8
This still doesn't relate to the OP. We're talking about the Dow and the con of "trickle"
Squinch
May 2013
#13
NO, you did not take less pay unless you only took the job for the healthcare.
graham4anything
May 2013
#24
Who is talking retirement money? I am talking 20-70 year olds working for today's doctor bills
graham4anything
May 2013
#61
I am talking about health insurance NOW.You are talking 50 years from now.
graham4anything
May 2013
#109
But those other people aren't better off if the middle class people with pension funds
treestar
May 2013
#40
Your chart doesn't say how many workers had, or had access to, 401ks and pensions.
Honeycombe8
May 2013
#46
"The market" has exactly zero affect on a pension, other than the "health" of the fund.
Thor_MN
May 2013
#20
disuptive only to an echo chamber. Conversation is never disruptive if one wants to converse.
graham4anything
May 2013
#33
people do still have pensions - thanks to our union we still have a pension
leftyohiolib
May 2013
#44
Those who are left will be in excellent shape and with their nice pensions will be happy as clams.
dkf
May 2013
#77
For a short time. Until the Wall Street gamers decide to take their profits and clean the accounts
JDPriestly
May 2013
#95
True. Some people who got laid off also lost their 401ks during the recession.
Honeycombe8
May 2013
#51
I think this quote is dead right and doesn't suggest anything more than it says.
mountain grammy
May 2013
#53
Most people's 401Ks would only last a year (maybe two) without Social Security.
reformist2
May 2013
#66
So what's the name of this bubble? They seem only to get named after they burst.
rhett o rick
May 2013
#90