Restoring our Savings Rate

[Southern Senator North Carolina Yankee]

So appearently Obama wants to make some pretty common sense reforms to the encourage Retirement saving. Pretty good ideas.

http://www.reuters.com/article/gc04/idUSTRE58413X20090905


What further measures should be taken. In my opinion on top of what he is proposing, the ideas presented by John Boehner should be done as well at least for those making $250,000 or less a year.

[opebo]

The way you 'restore savings our savings rate' is to fนcking pay people a living wage!  The reason working people saved a lot more in the 50s, 60s, and 70s is they made far higher wages. 

[Frodo]

The way you 'restore savings our savings rate' is to fนcking pay people a living wage!  The reason working people saved a lot more in the 50s, 60s, and 70s is they made far higher wages. 

^^^^^^

And they had higher wages because they had stronger unions with higher memberships.  And we can start by passing the EFCA to get the ball rolling. 

[Vepres]

The way you 'restore savings our savings rate' is to fนcking pay people a living wage!  The reason working people saved a lot more in the 50s, 60s, and 70s is they made far higher wages. 

^^^^^^

And they had higher wages because they had stronger unions with higher memberships.  And we can start by passing the EFCA to get the ball rolling. 

Outsourcing wasn't nearly as practical as it is today, thus unions had more influence. The problem is that as soon as unions become too strong in the company's eyes, they'll just flat out stop creating jobs in America and instead hire people in China, India, Mexico, or elsewhere, who don't have powerful unions.

Anyway, people shouldn't save beyond 6 months living expenses, but responsibly invest their money, as we will have inflation every so often.