Income Inequality

[SuburbanFarmer]

Even using the ridiculously downward manipulated CPI concoction shows the median household has lost ground. While median income has remained stagnant since 2000, the CPI is up 44%. Using honest inflation numbers would likely double that figure. Stagnant incomes with living costs 40% to 80% higher doesn’t exactly match the rhetoric of a strong economy being propagandized by the Deep State and their fake news media outlets.

http://www.zerohedge.com/news/2017-03-0 ... ing-part-2

+1

[The Conservative]

Are you confusing pension with IRA?

Dude, don't voluntarily send money to a pension. Just get an IRA.

No, it's a pension. And why not? The way this environment is going, I won't see shit either way.

[Calculus Man]

Are you confusing pension with IRA?

Dude, don't voluntarily send money to a pension. Just get an IRA.

No, it's a pension. And why not? The way this environment is going, I won't see shit either way.

Yeah, but if things turn out okay, or sort of okay, an IRA will have been the better choice.

[The Conservative]

Are you confusing pension with IRA?

Dude, don't voluntarily send money to a pension. Just get an IRA.

No, it's a pension. And why not? The way this environment is going, I won't see shit either way.

Yeah, but if things turn out okay, or sort of okay, an IRA will have been the better choice.

I have other things I'm putting money into as well, but let's be honest, we aren't going to see SS, and IRAs can be risky in their own right.

I would rather have a sure thing compared to what we have been promised so far. I lost a lot of money in the last two crashes. I don't trust a lot of investment options any more.

[TheReal_ND]

You're allowed to add money to your pension? When I had one, it was just something they socked money into for you. Zero input asked or required.

[Speaker to Animals]

I don't think TC understand what he is talking about. A pension is not some banking product you buy at the credit union.

I mean.. if there does exist something like that, I guarantee it's a total scam.

[TheReal_ND]

Would be nice.

[Speaker to Animals]

If I had to guess.. we are talking about a product in which the person agrees to donate x amount of dollars into over some minimum period of time with a "guaranteed" return upon retirement. They don't get any say in how the money is invested. They probably don't realize that the guarantee is predicated upon the fund not going bankrupt (i.e., the people running it were unable to make a return higher than what they promised the customers).

IRA is so much better.

[Fife]

Would be nice.

Real nice, if you have the power to zap taxpayers to make sure your bullshit pension is funded to your satisfaction.

[TheReal_ND]

I'm pretty sure it's a form of socialized money laundering/gambling except the only persons on the hook are literally everyone not involved.