Retirement: A third have less than $1,000 put away

[Warpy]

4. I love some of these financial planner guys right out of school

who go around blaming Boomers for not socking away $2000/year from the time they were 20, utterly clueless about what inflation was running during the last 50 years or so and ignorant of the fact that when we started out, all we were paid was $2000/year and it went a hell of a lot farther than ten times as much does now!

I'm not a bit surprised by how few have enough to eke out social security benefits so they can live decently. This is what wage suppression plus the inflation it was supposed to cure but didn't have done to a whole generation.

Doing calculations to find out what you need to save once the kids leave home won't do you a damned bit of good if you're not getting paid enough to save a thing.

There is no pit in hell deep enough for the fiscal conservatives of the past 50 years. Not only did they lie about what caused the runaway inflation in the 70s and early 80s, they completely missed what wage suppression was going to do to this economy, forestalling it only by opening up unlimited credit. Now we're not only poorly paid, we're too deeply in debt ever to get out of it, so forget investing for retirement. People who didn't do it couldn't do it, thanks to the job sucking and wage depressing policies of conservatives in both parties.

And we all know that trickle down money only trickled as far as the corporate top brass.