Parents Struggle with Retirement Savings

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Well we all are aware that the gov't has made some huge "blunders" over the last 20 yrs. However, instead of playing the "blame game" what can each and every AMERICAN citizen do???
VOTE ON NOV. 2ND....

BILLY MCDONNELL of OH 5:32PM October 16, 2010

Dave of TX is correct on many levels. And, the other responders too. As an individual parent or couple you need to learn to tell your kids one important word: NO!!! And, you also need to tell it to yourself. Big screen tv? Expensive summer camps? Lease or purchase new car? Designer clothes? Brand new sports equipment (when used will work just as good)? Xbox 360, Playstation 3, Nintendo Wii, PSP and a super computer to watch porn, i mean play video games for the kids? Vacations on credit cards? Cosmetic surgery? Individual bedroom for every child? House has to have a deck? NO - NO - NO!!!
Government needs to lead. That means balancing books. Raise taxes and cut spending. Its a two sided coin. Sadly, the opposing parties don't see it that way.

Archman X of MN 4:42AM June 28, 2010

If anything we had too much faith and trust.
In a capitalistic society like ours, you want people to buy in order to create jobs. The big problem is it creates jobs overseas now.
Boomers have paid in for 45 or more years into Medicare and Social Security by the time they retire. They have paid for those already retired, plus paid extra so when they retired they would have a large part of their benefits prepaid.
The problem is, the government and the corporations don't want to pay back the bonds they owe Social Security for. They know they will have to pay higher taxes.
I can't believe the ignorant have taken over this country. It takes ignorant voters to listen to the lies of the media.
The last ten years would not have happened if not for the ignorant people who kept voting to put Republicans and corporate Democrats like Blanch Lincoln in power.

Jo of AR 2:07PM June 01, 2010

http://www.usdebtclock.org
This is congressional budget office data !!!
Look at the bottom row for total "US Unfunded Liabilities" ... ONE HUNDRED AND NINE TRILLION DOLLARS.

Border Guard of MD 10:06AM May 31, 2010

Middle class people are screwed, because they all want a large screen tv, an SUV, and vacations to Disney World, before they want to save for retirement or buy life insurance or save for kid's college. I admit that I am guilty of this myself, but I am not about to blame the 'system' for my own shortcomings. I agree that it has to be more than $25 a paycheck. I think that is sugar coating it a bit much. You want to scare clients a little into making sure they save, but you don't want it to seem impossible at the same time.

Dave of TX 11:15PM May 28, 2010

This is so dumb. If you're 55 and save $25 a paycheck, you'll save a whopping $1300 a year so that by the time you're 60, you'll have saved $6500 and when you're 65, you'll have saved $13,000. Even if we don't have another financial collapse and you somehow double your savings, you'll have $26,000 saved and you'll be able to retire...for about 2 months.
Middle class people are screwed in this country. We're screwed because we believed Reagan when he cut taxes and raised government spending and we're screwed because we're going to wind up throwing about $2,000,000,000,000 into the sinkhole that is Iraq and we're screwed because multinationals have moved good jobs to places far, far away where people are happy to get $10 a day.

Johnny Quest of IL 8:52PM May 27, 2010