I provided a link to an article that explains how you are not correct. It's that people aren't making enough to save. Now can you provide a link to any articles or studies that prove your opinion or is this strictly conjecture on your part?
When I get home I will check out your article.
And you'll find an article that will explain how people make PLENTY of money to save they just don't.
Because again, this sounds like another right wing talking point that I used to hear a lot during the Bush 2000's. Tired old arguments coming back out.
Thanks for calling me right wing! I do not get that much on here!
Here is my talking point for you. Anyone that has a smart phone with a data plan and says they do not make enough to save is lying.
Anyone that eats out once a week and says they do not make enough to save is lying.
I don't know about you but most people these days don't have a land line. Their cell phone is their only phone. Especially with people who are younger.
I haven't had a land line in years. My only phone is a cell phone.
Are you saying that it's not important to have a phone? It's very important to have a phone especially if a person is a parent or is disabled.
Cell phone rates are very cheap these days. It's not like when I started carrying one in 1993. Those bills were hundreds of dollars a month. Today, I have unlimited calls and unlimited texts with paying 12 dollars a gig for internet on my phone. People can pay as little as 15 dollars a month for a phone.
As for going out to eat, people who are strapped for cash don't go out to eat a lot. Just saying people go out to eat and applying it to everyone isn't fair or honest.
The reality is that most everyone in America isn't paid a living wage or what they're worth. People take multiple jobs to make ends meet. Reality is that people today don't make enough money to save for retirement. A lot of employers don't offer any sort of pension plan or even a 401k.
When the federal minimum wage has been 7.25 a hour since the bush boy years, there's a problem. When people who are working are paid so low wages that they qualify for pubic assistance, there's a very big problem.
Saying having a phone and eating is causing people to not be able to save for retirement is very simplistic and not honest. You're ignoring the real cause.