Without social security it is inevitable that many low income elderly will end up in extreme poverty. You can say they should have done this or that, but it is inevitable.Everybody does not have access to a private retirement account. Everybody does not work for a corporation.
You have selective hearing.
One needs to think about that. I suppose some folks will feel this is ok - that these folks have brought it on themselves. Certainly though we would see societal consequences that are very visible. The effects might impact your affect.
That's reality. The "magic" of the S &P 500 over the long run won't cure it.
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