Business

Report Finds 49 Percent of Americans Don’t Save For Retirement

What was once considered sound fiscal policy isn’t getting a lot of attention these days. Approximately 49 percent of Americans say they aren’t putting any money aside for retirement plan, CNN Money reports.

The CNN report is based on a new survey conducted by LIMRA, a “trade association for the financial services industry.”

“The findings from this survey were disturbing, given that people will increasingly need to rely on their personal savings to make ends meet in retirement,” Matthew Drinkwater, associate managing director at LIMRA’s retirement research division, told CNN.

The study, which was conducted in April, surveyed 2,697 Americans.

The report found that American ages 18 to 34 are the “least likely to be saving.” A full 56 percent of the respondents in that age group said they aren’t contributing to a retirement plan like an IRA or a 401(k).

“In order to have the adequate savings necessary to meet their financial needs in retirement — which could last 20 or more years — it is critical that these individuals begin saving systematically early in their working years,” Drinkwater said.

The biggest reason consumers say they aren’t contributing to an IRA is because it’s too expensive.

Report Finds 49 Percent of Americans Dont Save For RetirementPhoto courtesy LIMRA

Only 25 percent of the survey’s respondents said they have worked with a financial professional to plan for retirement.

Read the full report here.

Comments (80)

1 2
  • Snidely
    Posted on May 11, 2012 at 12:33am

    I have no doubt that Social Security will be means tested by the time I retire. That’s OK. I’ve never counted on it being there, and it’s not a legitimate function of the federal government anyway. When it does make the transformation into a welfare program, I hope that they base it on how much an individual has EARNED over the years, rather than how much they’ve SAVED.

    If they just look at savings, those of us that have not foolishly bought iphones and ipads, but saved our money instead, will get the short end of the stick. Just like the bail out for mortgages benefited the people that lived beyond their means and the people that bought a house they could afford ended up with the tab.

    Report Post » Snidely  
    • self-reliant man
      Posted on May 11, 2012 at 9:21am

      Amen to that. I don’t even have cable tv but we contribute to retirement every month and I am only 29.

      Report Post »  
    • Quitlyingtome
      Posted on May 11, 2012 at 10:44am

      Of course it will be based on how much you saved. Get used to it. Those who did the right thing, scrimped and saved, payed their mortgage, only bought a house they could afford, didn’t take expensive vacations, didn’t buy expensive toys with the grocery money and are generally responsible will ge nothing. If we don’t get rid of Obama now watch out for your 401k and IRA they are coming for that next.

      Report Post »  
  • FromSeaToSea
    Posted on May 11, 2012 at 12:18am

    HOW CAN THE GOOD CITIZENS SAVE? – We Owe Organized Crime.

    The American Revelution was over roughly a 14% tax. Many US citizens currently pay in excess of 50% of their earnings when you include direct and all indirect tax, sales tax, property tax, gas tax, and etc. It’s outrageous we continue to accept this slavery.
    God never intended man to pay the fruit of his work to a criminal syndicate claiming to do him good.
    The gov. and the bankers have the same racket. One is tax and one is banker interest. Both do nothing but steal Your hard earned fruit while sitting on their axx.
    “everyone needs to pay their fair share” – that marxist crap. Most of us pay far more than our fair share.

    Report Post »  
    • MCDAVE
      Posted on May 11, 2012 at 9:47am

      How else can the politicians afford their extravagant life styles ..their the ruling class ,were the slaves…both parties are guilty..

      Report Post »  
  • OKC08GT500
    Posted on May 10, 2012 at 11:52pm

    It’s really not that difficult to understand. Obtain a marketable degree( engineering, accounting, nursing) or trade(electrician, welder, oil field worker); live within your means; max out your 401(k) and Roth IRA; purchase rent houses for cash near a college campus and retire comfortably at 55.

    Report Post » OKC08GT500  
    • THXll38
      Posted on May 11, 2012 at 8:03am

      You nailed it!

      Report Post » THXll38  
    • MatrixRedPill
      Posted on May 11, 2012 at 8:18am

      You wrote,
      “Obtain a marketable degree( engineering, accounting, nursing) or trade(electrician, welder, oil field worker); live within your means; max out your 401(k) and Roth IRA; purchase rent houses for cash near a college campus and retire comfortably at 55.”
      That is the old way of successful living. When SHTF, none of it will work.

      (1) You cannot find a job, when the country is in chaos. You are also competing with all the other engineers, or Indian engineers in India are much cheaper.

      (2) When a country is poor, Middle Class seems “Rich.” Our Gov. is coming after our 401 K and Roth IRA. That is why the WH is pushing for “spread the wealth.”

      (3) When a country turn to the Left, Education is the least of his priority. China had closed ALL of their schools for 10 years during Mao. People with education were sent to farm and became hard labors. So, the house next to the college may not work either. Unless, it is a government propaganda school.

      (4) Actually, having property is a crime in a pure Communist society as well.

      Report Post »  
    • atechgeek
      Posted on May 11, 2012 at 9:16am

      @MatrixRedPill :
      1) Can’t never could
      2) Vote them out
      3) Just plain stupid comment .. again can’t never could
      4) We don’t live in a communist country and never will unless we are beaten by a communist country in a war. Our Constitution is designed to balance the powers between the people and the government. Even with the corruption we see now, there are avenues to take. You can vote the clowns out or worst case … http://www.wallstreetdaily.com/wallstreet-research/pdf/SAVEAMERICAweb.pdf

      To Everyone … Educate yourself and get involved.

      Report Post »  
    • TheWholeTruth
      Posted on May 11, 2012 at 10:54am

      @ ATECHGEEK

      I’m sitting here shaking my head. You really do have a problem with “Normalcy Bias” don’t you? “Can’t never could do nothing?” That‘s a quaint saying but doesn’t always apply. It would seem that you have all your retirement vehicles maxed. Cool, until the dollar is worthless and then what do you have? A truck load of toilet paper. Putting your money into 401Ks or IRAs at this point in time is foolish to say the least. Hard assets, gold, silver, food et. al. should be the ‘savings’ plan of the future.

      As for we would never become a Communist country unless we lost a war to a Communist country? That, I’m afraid is going on right now. Almost every senior cabinet official and czar is a commie revolutionary from the 60‘s and 70’s. Have you heard about the leaked Army FM that tells of US I/R camps and how they are to be run? Probably not. It broke a couple of days ago but there’s been only one source reporting it. FM 3-39.40 Internment and Resettlement Operations (PDF) and YES it includes US Citizens on US soil. It was broke May 3rd, but nobody else is saying a WORD about it. Here’s something for you to read also. “The planned re-election of Obama, revolutionary style” It’s about 1/4 of the way down, 3rd article here: http://homelandsecurityus.com/ It’s chilling reading what they are planning to do as soon as this summer. We’ll see. But, prepare for the worst and hope for the best.

      Now, as you said…. please educ

      Report Post »  
  • LameLiberals
    Posted on May 10, 2012 at 11:45pm

    How could we?

    Americans are too busy paying taxes so Obama can give $60 BILLION PLUS and more to come to the IMF (international monetyary fund) so Americans can BAIL OUT Greece and the rest of Euopre who get to retire at 60-65 with a generious state penstion AND every working year of their life get 30 days FREE PAID VACATION for every European.

    And don’t forget, Americans are paying taxes FOR THE DEFENSE of EUROPEANS (England/Germany/Spain/ etc) and for Asians (South Korea/Japan, etc) and now Obama is opening up a new military base in Australia . ALL these countries can pay for their OWN military defense – bring out troops home.

    And don’t forget, AMerican taxpayers are in debt for TRILLIONS for the Iraq war and Obama slapped BILLIONS more on starting the LIbya war (those pessky Muslim protestors were going to shut down LIbya oil wells if the wrong people got in charge and France and China get THEIR OIL from Libya (USA only gets 5% of oil from Libya) so American military was trotted out to Libya on Chiana bidding.

    Report Post »  
  • THXll38
    Posted on May 10, 2012 at 11:10pm

    Once you make over a quarter mill/yr its not that hard. Go to college, work your ass off, and do not work for the man, and you too will not have to worry about retirement. Screw SS and any other entitlement. Although, technically speaking, SS is forced and is not really an entitlement.

    Report Post » THXll38  
  • The_Almighty_Creestof
    Posted on May 10, 2012 at 10:53pm

    I work a 7 on/7 off schedule as a manager on a graveyard shift…there is one other manager that covers my off week.

    Me: 53, $19.00 an hour, $900.00 a month mortgage, $4500.00 in CC bills, no cell phone, my TV is 18 years old and works great, I have (as of april) $451,000 in savings, annuities, 401K, stocks.

    Him: 36, $17.00 an hour, lives with mom & dad, $22,000.00 in CC bills until he BK’d, $1,200.00 mortgage until he short saled it and ruined his credit, buys 1-4 big screen TV’s a year, has a new smart phone every few months, has about $4,000.00 to his name all told.

    Now, in 17 years (when he reaches my age) could he be at or beyond what I have if he buckles down? Not in this economy or the worse one heading our way. But I hope he does do well somehow…nice kid…just a little youthful irresponsibility financially at the moment.

    Report Post »  
  • lukerw
    Posted on May 10, 2012 at 10:52pm

    SURPRISE: That’s the number on Food Stamps!

    Report Post » lukerw  
  • hpyagl
    Posted on May 10, 2012 at 10:10pm

    I don‘t own a smart phone or an iPad but I’ll bet most of those not saving anything do. The sad thing is that ultimately, the government is going to take my savings by printing more money to distribute to all the dotes that think they deserve those smart phones . Then the “me” generation will spend my money on themselves again and laugh at me for being so conservative.

    Report Post »  
    • Rayford
      Posted on May 10, 2012 at 10:30pm

      You are probably right, I see many people (even food stamp users) with fancy phones, clothing, new cars. They eat out and go to movies, amusement parks, and blow money on all sorts of things that I consider needless.

      If people took a good look at where their money was actually going, they would be able to save. For most younger people, they eat out 3 meals a day. Most of their money ends up going into the toilet, literally, and causes health problems at the same time.

      Report Post »  
    • Bryan B
      Posted on May 10, 2012 at 10:58pm

      @Rayford

      I don’t know where you get your information from, but I don’t know anyone on Food Stamps, that can do any of the things you are talking about.

      And most of the people I have met on Food Stamps, don’t even own a car.

      If you even qualify for Food Stamps, and most people don’t qualify for them, even if you have no income at all.

      A family of five will get around $300.00 a month Food Stamps.

      So if most people don’t qualify for Food Stamps, who’s getting that money your talking about ????

      Report Post » Bryan B  
    • SgtB
      Posted on May 11, 2012 at 12:05am

      WHOA NOW! It wasn’t my generation that started the entitlement state and decided to enslave their children in a mountain of debt. It was not the under 30′s who have given us the almost century of a ponzi scheme known as “social security” and it wasn‘t the under 30’s who have forced us to live in a society that locks their elders away in a “nursing home” when they are in the last years of their life because it might cause them some kind of burden. No, I lay the blame squarely on the shoulders of the men and women who made this nation what it is today while I will try to steal the reins from them and steer us away from the edge of the precipice. God help my generation be successful in bringing back true liberty to this nation. We’ll need it to right the wrongs of the previous generations.

      And lastly, my generation isn’t perfect. Nor do they all think like I do, but please remember that they are working with the handicaps that they were dealt. Handicaps such as an egregious social education system brainwashing them with socialism and never teaching them the important things in life life how to provide for themselves or their family. Oh, and growing up in a police state has its disadvantages as well.

      Report Post » SgtB  
    • Rayford
      Posted on May 11, 2012 at 12:18am

      Well, Bryan, you must know honest people using the food stamps. I see the tally of some of the carts that are overflowing with meats of all sorts, junk food, etc. Not cart. CARTS. they are into the 700-1000 range. This is at my local stores. I tend to pay attention to how people spend my tax money.

      Now, not all food stamp people can do all the things I listed, and actually was only including them in the new phone, clothing and car category. I dont follow them all day to see where they live and what they do for recreation.

      I see these people with the overfowing carts load all their food, after they pay cash for beer and smokes, into a newer car than mine, and mine is a 98. If you went to the welfare office in my area, it looks like a Cadillac Escalade/ lincoln Navigator car lot. The people have shoes that cost 100′s. designer clothes, and hair styles, with finger nail jobs that cost alot of money as well.

      Again, thats not all recipients. But even the ones that buy a small amount of food have a new car and are not starving. In CA, they run commercials all day on the radio that say you can get food stamps if you own a house, have a car, have a job. They are not something that is hard to get.

      The people with the overflowing carts are also the ones that work under the table, game the system, sell drugs, sell the food they buy with assistance. I do my best to bust my ass to feed my family. It just angers me that these layabouts can eat like kings and do nothing all day

      Report Post »  
    • Rayford
      Posted on May 11, 2012 at 12:27am

      Bryan,
      to explain myself further, I am a very frugal shopper, so I go to our stores every week and buy the sale items, so I am in 6 different stores at least a few times a week per store. I am usually the only one that pays cash in any line I am in.

      The overflowing cart people most likely live together and pool their benefits, as they seem to be family or friends. Sad thing is the adults are as big as a house and the kids are skinny as straws.
      They still have a new car though, and most are on section 8 housing, or they would not be in this area.
      We have a large % of sec 8 people here. Most abuse the system. 90% of them get kicked out of the program once audited.
      Not trying to bust your nuts, just letting you know how it is.

      Report Post »  
    • Bryan B
      Posted on May 11, 2012 at 1:55pm

      @Rayford

      There is no $700.00 or $1000.00 in Food Stamps. Food Stamps are based on the number of people in the house hold and income, and the government does everything it can to make sure people get the lowest amount in Food Stamp money as possible. So it‘s not a question of who’s honest, it’s what the government gives someone, and most of the time it’s nothing.

      There is Food Stamp Fraud, the government just doesn’t take someones Food Stamps away from them for fraud, they’ll put you in jail for that, and it does happen.

      Poor people do not buy their Beer and Smokes from the local grocery store, it’s too expensive. Even Walmart has got-in to high in their prices. Smoke Shops and Convenient Stores are alot cheaper.

      And yes, people do go together and pool their Food Stamps, but mostly homeless people do that.

      I know these thing about Poor People, because I am the Poor. And from time to time, when thing really get bad, I have to go to the local Food Bank and stand in line. While standing in line everyone talks to each other, no one holds back.
      In that line, are people from all walks of life. The people are made up of, Business owners living out of there businesses, veterans, families living in cars and in the woods to alcoholics and drug addicts.
      And the government gives most of them nothing, thats why their at the Food Bank. And because so many people go, they run out of food.

      Poor people know one thing for sure, theirs very little help for them.

      Report Post » Bryan B  
    • Bryan B
      Posted on May 11, 2012 at 2:43pm

      @Rayford

      I’ll ask you again, wheres all this government money going ????

      Because the government is not helping the poor….

      Also when I go to these places, no one that has a car, has a new one, most are over 10 years old, and no SUV’s, I never have seen one, I have seen a few trucks and vans. And the people that had cars, have been to jail for driving without insurance, expired drivers licence, expired tags…. Some people have told me they where on their way to work, when thay where arrested and had their car taken from them, and that how they became homeless…..

      Report Post » Bryan B  
  • 1islander
    Posted on May 10, 2012 at 10:06pm

    Since the interest rates are so low, because of the federal reserve, it does not pay to save. Use your worthless dollars now before they become even more worthless. High inflation decreases saving. Just the way the fed had it planned, they want us dependent on the government.

    Report Post »  
    • soybomb315
      Posted on May 10, 2012 at 10:16pm

      Everyone should invest some money in foreign market ETFs

      Report Post » soybomb315  
  • soybomb315
    Posted on May 10, 2012 at 10:04pm

    I work at an engineering company. You would not believe how many people making good money live paycheck to paycheck. I dont understand it

    Report Post » soybomb315  
    • MatrixRedPill
      Posted on May 10, 2012 at 10:16pm

      Soy, maybe they know something you don’t. Have you heard of the Chinese saying, “Bare footed people are not afraid of the ones with shoes?”

      Report Post »  
  • dopie joe
    Posted on May 10, 2012 at 10:02pm

    No way to save for retirement when every governmental entity you can think of is standing around with their hand out wanting a piece of your paycheck.

    Report Post »  
  • disenlightened
    Posted on May 10, 2012 at 10:02pm

    Well that just proves the Democrats’ plan is working. They‘ve been looking for a slave class since Abe Lincoln took their’s away. I guess they’re settling for oldsters this time.

    Report Post » disenlightened  
  • macpappy
    Posted on May 10, 2012 at 10:02pm

    Hell no, we are trying to make the rent this month. Retirement?? With this fool in office I’m trying to keep my home, stay in business, and make ends meet. Retirement is for rich folks, and union members.

    Report Post » macpappy  
  • 1moreOutnumbered
    Posted on May 10, 2012 at 10:01pm

    Huh, started putting money away for retirement at the age of 18. The first month of boot camp in the Corps we had the opportunity to use the Thrift Savings Plan to start saving. I didn’t put as much into it as I should have but I did save. Now that I‘ve gotten out I rolled my TSP over into my company’s 401k and increased the amount of my earnings invested for retirement. There is simply no excuse for not doing something to ensure your financialy ready to retire. It’s too expensive is the most rediculous excuse.

    Report Post » 1moreOutnumbered  
    • The_Almighty_Creestof
      Posted on May 10, 2012 at 11:00pm

      Exactly. My first job paid less than $3.00 an hour. My boss talked me into joining the credit union and auto deducting $10.00 a week for it. When the company folded 9.5 years later –truth to be told–I had forgotten I even had an account. Two weeks afterward, I received a check for almost $8,000.00

      But it is really hard to get through that attitude of youth about never getting old, going to live forever, I’ll never get sick, yadda, yadda, yadda.

      Report Post »  
  • Bryan B
    Posted on May 10, 2012 at 9:58pm

    That because we don’t have any Money, after we foolishly squander our money on food and rent…..

    Report Post » Bryan B  
  • CatB
    Posted on May 10, 2012 at 9:58pm

    Perhaps if we weren’t paying for the bennies for all the illegals .. the legal citizens could save more .. then again .. where are you going to put your money .. in a 401K that the govenment might steal? .. in savings account that pays .30% if you are lucky? How about guns and bullets!

    http://www.facebook.com/l.php?u=http%3A%2F%2Fwww.ijreview.com%2F2012%2F05%2F5171-loophole-allows-illegal-immigrants-to-take-advantage-of-tax-credit-to-the-tune-of-4-billion-each-year%2F&h=JAQF3-UKAAQEexIDAXpzBJ4sO_zzRlLijx1hpWKi9XdT-bA

    This will P*SS you off ..if you are a taxpaying American!

    Report Post »  
  • Seth Patriot
    Posted on May 10, 2012 at 9:57pm

    It‘s also pretty tough to save when you can’t find a job.

    Report Post » Seth Patriot  
    • 3monkeysmomma
      Posted on May 11, 2012 at 9:19pm

      I had retirement savings until 2009 when the bottom dropped out of my world and I had to cash it in. I haven’t quite been able to get back there yet. Especially since Obamacare caused our insurance cost to rise by almost $250 per month.

      Report Post » 3monkeysmomma  
  • Mutiny
    Posted on May 10, 2012 at 9:56pm

    With the FED its not worth it to save. Your money loses over time. Maybe we could get a president that would do something about the FED instead of being funded by the big banks.

    Report Post » Mutiny  
    • soybomb315
      Posted on May 10, 2012 at 10:08pm

      exactly

      what rational person would save money these days? At least if you guy a 60″ flatscreen TV it will be worth something in the future

      Report Post » soybomb315  
  • Rayford
    Posted on May 10, 2012 at 9:49pm

    There wont be retirement in the near future. Most middle class people will have to work until the day they keel over.

    This can come sooner if there is another market crash that wipes out present day retirement accounts.

    .

    Report Post »  
  • MAMMY_NUNN
    Posted on May 10, 2012 at 9:48pm

    In 1976 gambling was allowed outside Nevada things haven‘t been right since and the trips to Casino’s and State lotteries don’t help with saving now do they ? The personal value of a dollar was never looked at the same way. If you wanted to gamble you saved for the trip to Nevada and spread it around on the trip Gas, Hotel Lodging, Meals not the case these days.

    Report Post »  
    • MAMMY_NUNN
      Posted on May 10, 2012 at 11:00pm

      How would your State Government do if the funds dried up they started with a dollar wasn’t satisfied so they upted it to 5,10,20 dollars a pop if they say it goes to education your foolin yourself feedin the greed and corruption is what it turned into.

      Report Post »  
  • Netsurfer2
    Posted on May 10, 2012 at 9:44pm

    How can you save for retirement when the wages are low and you can barely afford to buy a house and car to live? The only way to save is if you have no debt at all. Wait until the real wave hits! Not only will you loose everything, but also still owe debts. It’s not very far from happening!

    Not only that, but wait until you have to pay even more for healthcare while they let companies pay even less. If this doesn’t make you mad, I don’t know what will.

    Report Post » Netsurfer2  
    • Teabunny
      Posted on May 10, 2012 at 9:59pm

      france was talking debt forgiveness…but that never happened, then they changed leadership. Will Obama, the messiah, institute debt forgiveness, or worse…all debt restructured under the government? Collapse comes september, restructure in october, election november, then the truth comes in december! Get out of the cycle before august. merry Christmas via the anti-claus!

      Report Post » Teabunny  
    • MIBUGNU2
      Posted on May 10, 2012 at 10:03pm

      Easy for people in DC, they make close to $200,000.00 a year..
      they have a HUGE Pension, Health Care paid for by Tax payers.
      While We are working at Low Paying Jobs, if you are lucky to
      have a Job..We are paying $5.00 a gal. for Gas and Food Prices
      have gone through the roof.. Most of my friends are living paycheck
      to paycheck…We are NOT better off than we were before O’Blamer.

      Report Post » MIBUGNU2  
    • Netsurfer2
      Posted on May 10, 2012 at 11:37pm

      I was lucky not to have bought a house during 2008 and not to have purchased a new car during the cash for cars deal. I have pretty much stayed out of debt and saved some, stored food away for a rainy day, but I still have a long way to go. I have not touched my IRA either and will not no matter what. I payed for my own college in engineering mechanical design and made straight A’s all the way through while working for a small company in aerospace (company with tight wages).

      If only others would do the same as I did, we would not have as much problems!

      Report Post » Netsurfer2  
  • Ruckus_Tom
    Posted on May 10, 2012 at 9:43pm

    If the company’s matching on a 401k – e.g. 50% on the first 6% – cut the cable tv off and start getting a nest egg going with at least 6% of your paycheck. It might even drop you down to a lower tax bracket.

    The downside to the 401ks and IRAs? The government going all Argentina or Venezuela on us and nationalizing them.

    It’s already being discussed.

    Report Post »  
    • soybomb315
      Posted on May 10, 2012 at 10:05pm

      and if cant freeze them, they will just inflate the currency and wipe away everything you have saved

      Report Post » soybomb315  
    • MatrixRedPill
      Posted on May 10, 2012 at 10:06pm

      Ruck. You are right, why save any money? It will just make us “selfish bad rich people,“ bigger targets to ”spread the wealth.”

      At least, by not saving, we have spent the money the way we want to. I have always been very very frugal, but ever since 2008, my motto is “to spend it all, so we don’t become targets.”

      Report Post »  
  • HorseCrazy
    Posted on May 10, 2012 at 9:40pm

    I am not shocked by this at all. people cannot afford the light bill grocery bill tax bill they are worried about tomorrow and cannot afford the future. in my extened family alone among the younger this survey proves completely true

    Report Post »  
    • Dan_o
      Posted on May 10, 2012 at 10:15pm

      I am not shocked by it either, but not for most of the reasons mentioned here. I’m surprised this number is not much higher. People living beyond their means is nothing new, but it is exaggerated now by the entire entitlement generation of useful idiots.

      I see people every day driving Mercedes and BMW’s living in houses that cost only slightly more than their cars. The problem is only partially the economy, but has more to do with human nature.

      Report Post » Dan_o  
    • HorseCrazy
      Posted on May 10, 2012 at 11:27pm

      dan I see what you are saying too. I have a relative who drives an escalade ask to borrow 10grand the other day. they rent a big fancy mansion, I own my home, my business etc and drive an old ford pickup. no flashy car, no fancy clothes etc. there are too may folks out there who blow money on ipads ipods mercedes shoes bags flashy trendy garbage and waste their money in the stupidest ways. you can imagine the face on my relative when I laughed at their request

      Report Post »  
  • jzs
    Posted on May 10, 2012 at 9:38pm

    Most Americans, now and historically have never saved for their retirement. Most people spend what they have. I say when they get old let ‘em die in the gutter. Their fault.

    Report Post » jzs  
  • ModerationIsBest
    Posted on May 10, 2012 at 9:38pm

    Bunch of idiots.

    Report Post »  
    • HorseCrazy
      Posted on May 10, 2012 at 10:00pm

      in the 90′s I would have agreed with you but now, I see what my friends and relatives go through with loss in this economy, losing absolutely everything and fighting to keep the lights on and food on the table, I would say this is more about the current economic times and less about peoples general stupidity, I do agree there are many of those idots out there but in this economy I would say many just cannot do it

      Report Post »  
    • ModerationIsBest
      Posted on May 11, 2012 at 12:32am

      You can always save for the future.

      Report Post »  
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