http://money.cnn.com/2014/02/25/retirement/retirement-security/index.html?iid=SF_PF_River
Thursday, February 27, 2014
US Ranked 19 In Retirement Security
"U.S. Ranks 19th in the World for Retirement Security", written by Melanie Hicken and published February 25, 2014, shows where the United States stands in retirement security. Those retired in the US are facing more problems and condition than other countries like Canada, United Kingdom, and South Korea. This is the second year in a row that the US has ranked 19 in retirement security, according to Natixis Global Asset Management. More and more a Americans are having to save for retirement and healthcare cost are adding even more weight. Natixis also reports America to be 21st in health, 22nd in finances, 24 and quality of life, and 36th in economic well-being. I understand that running a government isn't easy but the US is capable of improving at least retirement security. After someone has worked for a large portion of their life they shouldn't have to worry about payments. If these problems aren't addressed it could hurt the economy and the government even more.
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I see your point that the government should be able to devise a better retirement plan, but I feel that the government is actually at an impasse. There's so many people demanding retirement money and savings, and there's not enough money going into the government. So, as a result, there's larger taxes and inflation. It's a difficult decision for the offices, as they have to deal with the people's demands but also run a full independent country.
ReplyDeleteI agree with what you are saying Danielle. I defiantly would not want to spend my whole life working and while working, be saving for my own retirement. I believe that the government should work on the retirement plan. It is not fair for people having to save their own money for retirement because the retirement funds are not enough to support people once they are done working.
ReplyDeleteYou would think that America would have a higher ranking given the size of our government and economy. The government really should work on our retirement plan.
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