Re: Down with the government

On Tue, Oct 19, 2010 at 8:41 AM, Pat Mathews <[email protected]> wrote:

>  Besides which, we greedy geezers will pass our ill-gotten wealth down to
> you hard-pressed Xers and your children in due time via the normal process
> of inheritance, if the medical bills needed to keep us functioning don't eat
> every last bit of it up.
>
> Not greedy, in most cases, just poor financial planners / lack of
understanding of future costs vs. savings. As demonstrated by the above
comment.

As a group, Americans nearing the age they expect to retire have saved far
too little to support themselves and their care until they die (which is a
lot longer now than it was 50 years ago).  In the aggregate, there is not
going to be wealth, ill-gotten or otherwise, to pass on. The reverse,
actually.