RW> That's because he depended on someone else. Unfortunately a lot of 
RW> people in his generation bought into the fluff that FDR/JFK/LBJ sold 
RW> them so they didn't invest anything themselves.  My parents are the 
RB> A significant price to pay for human error. And how did he
RB> depend on someone  else anyway? I thought you said that if a
He depended on the company and the union to take his
money, which he never received, and invest it for him.
He is probably still depending on the government, via
Social Security, to help him after he reaches 65.
RB> person worked hard their whole life,  saved money, and
RB> played the game that everything would be okay for them in
RB> this 
Sort of. . . I said work hard and INVEST his money, not
save it.  If you save every penny you make you still
wouldn't have enough to live at your current standards
from the time when you retire until you die.  Now if
you invest (I'm working from memory here) 2% of your
income in stock market you could. 
This was based on, I think, average wages for someone
starting work at 18 and retiring in 1990 (or 1992) at
65.
RB> land of opportunity. That's entirely not true for an entire
RB> generation of  steelworkers and auto workers.
The same thing applies.  They gave their money to the
government, the union and the company and depended on
them to take care of them.  Remember back in the heyday
of steel and auto workers?  They made good money but
spent it as fast as they made it.  Of course the same
thing is happening to most people today. . .
                      Remember:  Freedom isn't Free!
--- timEd-B11
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