Still there is something quite unspoken in this article. The article is about the have's not the have nots. I don't believe for an instant that the overall condition of people heading into retirement or people at retirement age is good. I suspect more and more people are coming up short. Also many have lost jobs and have had to use retirement monies to simply get by. If anything the overall condition is worse, not better.
Although there may very well be a significant increase in retirement assets, the dark side of the story remains. I would also add that attempts by the GOP to decimate SSI and Medicare only exacerbate the retirement of millions.
CNN: Retirement savings near all-time high
Retirement assets rose to $18.1 trillion at the end of the first quarter, up 3% from the end of 2010..
...equities still dominated the retirement asset landscape.
2 comments:
What a joke. Such nonsense. the people who write these articles are just hacks and shills who are cheer leading a system that works wonderfully for a tiny minority and f*cks over the majority and then brags about it. Its all because they are now laying the ground work to try and steal the last big pots of Fed. $$ SSI and Medicare and put them in their pockets. These people are not fooling anyone anymore. The gig is up.
I think your analysis point that an article like this supports the notion that cutting SSI and Medicare is just fine (considering retirement assets are increasing - for the haves and the wealthy) is an outstanding point.
This is basically a conservative talking point article and that's why I tried to decode it.
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