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[quote=Anonymous][quote=Anonymous]Um, people!  Half of US households make under $50,000 a year.  Forty percent make under $40k.  Twenty percent under $20k.

Assuming the $50k folks can retire on an income of $40,000 (80 percent of pre-retirement income) and that there will be two recipients of SS at $15k a piece, they will have an income of $37k - pretty close to $40k.

Yes, it's "unheard" of in DC to to live on so little, but Half of the United States DOES!

Yes, we live in a bubble here!

One important retirement assumption is that you want to maintain a certain living standard.   In fact you can retire on much less, if you curb your spending commensurately.

http://catosdomain.com/?attachment_id=9643

Okay, stepping off of my box now.  It baffles me why folks don't get this. [/quote]

I get it.  But we also have a lot of people who are going to be living on nothing but whatever is left for social security (if it is even still functioning at that time).

And I say this as a liberal Democrat who is terrified for our future if our leaders cannot fix the mess we're in.[/quote]

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