Well, the big elephant in the whole system is the baby boomer generation that marches through like a herd of elephants. And we begin to retire in 2008. ↗
Obviously, people with low or even moderate incomes could not afford such savings rates, and even diligent savings from their low wages would not be enough to pay for either retirement or healthcare. ↗
To the hard-working people who set a little bit aside each month, to provide for their children, or to fund their own retirement, I say: you should be rewarded not punished. ↗
Social Security makes up a much larger share of total retirement income for unmarried women and minorities than it does for married couples, unmarried men and whites. ↗
Age is only a number, a cipher for the records. A man can't retire his experience. He must use it. Experience achieves more with less energy and time. ↗
Right now, too many women who reach retirement age find themselves widowed or single, relying on their Social Security check for over half of their income. ↗