Came across an article saying 51% of households don't save enough for retirement.
http://online.wsj.com/article/SB1000...758990104.html
What bothers me about that is that the word "inflation" isn't mentioned once. Beck brought up that even with the FED planned 2% inflation rate, in 50 years a dollar saved today would be worth a penny then. Worse, shadow stats claims the real inflation rate is 15%. All and all, the game seems rigged and savings might be re-defined as slow motion wealth loss.
So what's the solution? I'm pretty sure 401(k)s don't return 2% a year, savings accounts don't. Stocks might de slightly better than that. PM's tend to gain value in times like these, but could loose value.
Given space, a case of TP or light bulbs bought today will be cheaper than if bought tomorrow, but that involves storage and is not really moving friendly.
This seems like it should be a short term problem, as things will probably crash or get better in 5-10 years and re-set one way or the other,
Your best investment might be a garden...
Discussion?
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