Wednesday, April 25, 2012

rich jerks not saving enough to retire. what's the prob?

http://www.theglobeandmail.com/report-on-business/canadas-retirement-savings-system-needs-multipronged-boost-report/article2412789/ The report adds to previous research suggesting that Canadians are overly confident about their retirement savings, even though a large percentage of Canadians face a big drop in income once they retire. The stock market has offered limited returns since its peak 12 years ago, hurting the returns of both pension funds and individuals’ savings, the report notes. “However, close to a quarter of households are not on track to generate a retirement income sufficient to maintain their standard of living when they move out of the work force,” the report says. “The share of households that are not on track varies from as little as 4 per cent for the lower income and higher-age cohort to as much as 41 per cent for the higher income and higher-age cohort,” it says. ---------------- D - I don't see the problem. The older Boomers, the ones that had the most benefits from their demographic position, are living high on the hog and not saving. SO WHAT!!! Stop trying to help THEM. They're actually getting what they deserve - FINALLY! Sheesh.

1 comment:

  1. Thanks you, Google Blog, for your new interface. Now my blogs look like CRAP. And you did not even give me the option to use the old interface.
    Google, you SUCK.
    I'm not posting any more til you fix this. Idiots.

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