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View Diary: Americans' Retirements Are in Tatters. What Does That Mean? (129 comments)

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  •  Most lower middle class and poor people (0+ / 0-)

    haven't got enough to get by. They aren't interested in savvy investing, they're interested in eating and keeping the utilities on. The recent financial shenanigans of the too-big-to-fail entities threw millions into the bucket I mention. As long as the same vehicles exist that caused the collapse in the first place (you know they do), millions more will join those ranks.

    •  Depends On the People of Whom You're Speaking (0+ / 0-)

      There things some poor communities know that others don't.  All poor people are not the same.  Those who are able to dig themselves out don't use the same vehicles that failed before because they knew better than to use them.  It never would have occurred to them to get involved with those shams.  It depends on the information in the community

      Newt 2012. Sociopath, adulterer, hypocrite, Republican.

      by tikkun on Mon Jun 24, 2013 at 09:33:18 AM PDT

      [ Parent ]

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