No. of Recommendations: 2
>> I agree with you that they are not sustainable, particularly if we include Medicare costs. <<

And that was my whloe point: As far as Medicare and possibly Social Security are concerned, there is no way we can continue to give future generations the current level of benefits. The taxes required on those who are still working would be prohibitive and, IMO, economy-killing.

I happen to agree that *overall*, it's not skewed as badly because the younger generations have more ability to take advantage of 401Ks, IRAs and perhaps HSAs to at least partially offset the inevitable reduction in benefits (or means testing) which honestly *must* come if these programs are to remain solvent for several generations down the road.

I think the disconnect came here when Hedge seemed to think I was talking about *everything* being skewed against younger generations when I was merely talking about the demographics of Medicare and Social Security leading to an inescapable conclusion that either taxes will have to be raised sharply or the benefits will have to become considerably less generous. If all other things are taken into account, sure, the equation changes some.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.