I didn't think so.
Half of the country can't scrape together $2,000 for an emergency let alone for retirement. Meanwhile, $2,000 represents the median amount individuals have saved for retirement, meaning half of you have set aside less than that.
Well, $1,400 is how much state and local governments want to raise your taxes every year for 30 years to pay for government (usually union) employee pension promises.
That sounds fair. You have very little saved for retirement, but you should pay huge sums in taxes every year so some paper pusher can look forward to a life of ease and entertainment at your expense.
That sounds fair. You have very little saved for retirement, but you should pay huge sums in taxes every year so some paper pusher can look forward to a life of ease and entertainment at your expense.
The story is reported here.
