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Reply to "Young adult focusing too much on retirement saving? "
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[quote=Anonymous]He’s smart. Honestly, I have no faith there will be anything approaching current Social Security or Medicare after the Boomers are gone. The social contract is completely frayed, we are about to face a huge demographic decline, and we will have no choice but to cut these programs. The options, for those lucky enough to have them, will be to live like paupers and save every extra penny so you can stop working a few years before your body gives out, work until you die, or rely on your children for support when you can’t work anymore. You know, just like it was for most of history. [/quote]
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