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Reply to "Ford says pensions are a plan of the past"
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[quote=Anonymous][quote=Anonymous]I don’t think employers should be responsible for pensions. Taking care of elderly citizens in retirement should be a function of centralized government, as should healthcare and childcare.[/quote] We do! Medicare and social security. Plus there's medicaid. In a cheaper area of the country, all of DH's elderly relatives live nicely off social security. No you can't live in a million dollar home (unless it was paid off) and you can't take trips to Hawaii, but social security is enough to live off of. Additionally, you're supposed to supplement it with your own savings or your 401k.[/quote]
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