“If you were to face a $2,000 unexpected expense in the next month, how would you get the funds you need?”
Yieks!!! That is so frightening. We really need to do something or folks are going to be in the streets during retirement time. Some of these folks are educated and relatively successful folks who would have this problem. Businesses need to go back to the pension program. Yes it might cost more but we are going to pay for these folks one way or another. Pensions were the best thing for America and now they are practically gone. When pensions were around, people used to work at one company for 50 years.....there is no loyalty anymore at all.
Pensions are still around, just not so much in the Dreaded Private Sector. At least until we taxpayers decide to default.
In any case, pensions are evil. Saving and investing is good. And who needs or wants a reason to be loyal to an employer other than it's fun and it pays well?
“Businesses need to go back to the pension program.”
I’ll do you one better. We need to all start acting our wage and quit buying “stuff” that we don’t need to impress people we don’t even know. If people would just start taking care of themselves, instead of relying on others, then we would not see this problem that is now the “normal” in America.