No. of Recommendations: 8
katiewa asks,

<<And we have abundant evidence that, left to their own devices, a very large share of middle class savers will make the wrong choices.>>>

Why is that, do you suppose? Why are my husband and I (along with most here) so abnormal?

</snip>


The average person can't balance a checkbook and has no idea of what compound interest is. The people who frequent TMF, Morningstar, Bogelheads, etc. are probably in the top 5% of financial knowledge.

If we don't come up with some way to keep the large majority of the population from being swindled by Wall Street and the insurance companies, the minority that did invest wisely will end up supporting them in retirement through higher taxes.

intercst
Print the post  

Announcements

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!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
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.
Advertisement