On Tue, Oct 19, 2010 at 8:41 AM, Pat Mathews <mathew...@msn.com> wrote:
> Besides which, we greedy geezers will pass our ill-gotten wealth down to > you hard-pressed Xers and your children in due time via the normal process > of inheritance, if the medical bills needed to keep us functioning don't eat > every last bit of it up. > > Not greedy, in most cases, just poor financial planners / lack of understanding of future costs vs. savings. As demonstrated by the above comment. As a group, Americans nearing the age they expect to retire have saved far too little to support themselves and their care until they die (which is a lot longer now than it was 50 years ago). In the aggregate, there is not going to be wealth, ill-gotten or otherwise, to pass on. The reverse, actually.
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