OhIsee.Then
DP Veteran
- Joined
- Feb 14, 2011
- Messages
- 1,581
- Reaction score
- 277
- Location
- MI and AZ
- Gender
- Male
- Political Leaning
- Other
Take away their benefits and they'll have much more of an incentive to do just that. Of course, with inflation being the devil that it is, savings is penalized, and I see that as being the main obstacle to saving for a retirement.
What you don’t understand is that the activating motivation you are hoping will appear will not. For most people a future threat of not having any money is not nearly as motivating as the pleasure of spending now for most people. Since SS is not enough to retire on with any comfort everyone is still ‘motivated’ to save for retirement.
I see this all the time when we shop for homes to buy. I saw it in my coworkers. How do you save when you have $40k in credit card debt and you are older than 40, drive a car you can’t afford and wear clothes that you can’t afford? I greeted her today. I want her forced to ‘save’, otherwise I’ll be taking care of her ilk one way or another.