General Discussion
In reply to the discussion: Hey Boomers, let's rejoice! The reason our Soc. Security is delayed for two years is [View all]truedelphi
(32,324 posts)Pensions monies swept out to sea when M. was mis-diagnosed by Kaiser.
It took our savings to keep us on COBRA and to have some alt meds to keep him alive.
On the bright side, we were told that there was a good chance he'd be dead by mid-February of 2006 and he is still here, now healthier than ever.
Yet whenever some financial adviser is on TV saying that people need to save and save and save, I can only shake my head. For instance: Katrina ruined many people's lives, as they collected pennies on the dollar for home repairs when State Farm refused to pay the insured who should have had money coming to them.
Same with Hurricane Sandy. What do people do when they are forced to use their retirement funds for health matters or for saving their homes, while Big Insurers laugh themselves all the way to the next executive level pay hike?
Our government officials are all quite willing to tell us to shut up and accept austerity, but they let the RICO-ized plunder of Big Insurers destroy so many of us financially.