America's retirement, not as bad as other countries
America has one of the most diversified retirement systems. It entails; social security, company pensions, 401 (k) savings plans that are largely invested in stocks, and private insurance policies. The rest of the world is not as diversified as us and is in greater trouble with their retirement systems. The world has the same problem as we do with the baby-boom generation, but they do not have workers coming in from other countries everday. America, because of all the immigration, will genrate more workers to help pay for social security and other retirement systems. We have Mexico which helps in this process. My question is why is so much empasis put on social security when we have more retiremnet systems than the rest of the world? Also, if the social security fall happens, will it lower the standard of living?
Posted by salty at 2/28/2005 11:17:00 AM