This situation will worsen for millions of Americans entering their retirement years as they will have no means to support their basic living needs except for Social Security. To prevent this tragedy our leaders must reform the “system” to empower all citizens to acquire private ownership in the future productive capital formation investment American corporations and industries will make going forth. This can be accomplished with support from the Federal Reserve Bank providing insured credit mechanism and loans to enable people to acquire, over time, viable capital estates, and par for their acquisition out of the future earnings of the productive capital investments. if we do not embrace this approach then the result will be significantly greater unemployment and underemployment and a far greater dependency on government earning redistribution programs to support entitlement programs at poverty levels.
http://www.latimes.com/business/money/la-fi-mo-retiree-living-expenses-20120301,0,2848072.story
