mike_mccue
Are you saying that you feel people are "entitled" to more than 1.5% interest on their savings account?
The risk takers just hit a new high at the DOW.
Seems like anyone that wants to work at it can cash in on the times... no matter when that happens to be.
Try explaining this to a 95yo who has always been independent and never gotten involved in the market. I know times change and people get left behind because they no longer understand the changes.... that is where a LOT of elderly people are. They worked, they saved, they don't understand why what they were always told no longer works. They don't know who to trust because really, who can they trust?
My answer is to work harder and make more money so when theirs runs out I can support them. If I were to advise them and things went wrong... well, we aren't going there.
I also realize that it was on their watch when the government began spending the SSI funds but, as for my parents, making sense is not something one wants to do.
I don't think those "in charge" ever expected people to live so long. I also think that honest, trusting people always seem to end up holding the short end of the stick when it comes to money. Life is hard, that is for sure...
J