08-25-2013, 03:45 AM
quote:The study you cite does not say 65-74 year old people are independently wealthy, it says their income hasn't gone down due to inflation. It hasn't gone up either. That group is treading water. Then you took that information, and imagined that 25% of retirement age people have magical menehune bank accounts which give them money whenever they want it. You made an apples and oranges comparison. If you had time to find the first study, I'm simply asking for you to find another study that describes:
Originally posted by unknownjulie
There is a study today that came out by "Sentier Research" that is posted on CNBC's website...
I would say IMO that about 25% of the people gettting social security checks dont really "need" that money.
1) How many 65-74 year olds are independently wealthy (really, not 25% IMO)
Then you will know if your original premise is correct or not.
"I'm at that stage in life where I stay out of discussions. Even if you say 1+1=5, you're right - have fun." - Keanu Reeves