IPB 060: The Retirement Nightmare


If you believe the government needs to figure out a way to help you better fund your retirement, you probably should just skip this episode. On the other hand, if you'd like to hear us discuss a recent survey regarding retirement preparedness and how 80% of Americans believe the government needs to fix their problem, you're in for a treat.

Here are some other useful statistics from the survey results compiled by Greenwald & Associates for teh National Institute on Retirement Security (NIRS):

  • The perceived “retirement crisis” is not a partisan issue– among the 800 people surveyed, 83% of Democrats and 72% percent of Republicans favor state-sponsored retirement savings plans for those who are not offered work sponsored plans.
  • Government spending cuts that might lead to a reduction in Social Security benefits are highly unpopular as 76% said no to that suggestion.
  • 80% of survey respondents say the average worker “cannot save enough on their own to guarantee a secure retirement”
  • Making sure that Americans have a secure retirement should more of priority according to 88% of those surveyed.

Wow…just curious, what do you think about this? Please let us know.


One Response to “IPB 060: The Retirement Nightmare”

  1. Dwight Brignac says:

    Hey guys I think it’s crazy for people here to say they can’t save enough for retirement! I know people who say that and it’s more like they don’t have the drive and dedication to work hard or they don’t have the willpower to save more of what they earn. I’m also sick of people that want the government to help them pay everything. I’m lucky enough (I guess) to work for the government and have a pension but I have been saving for retirement most of my life because I know that will probably not be enough.

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