40% of Americans Have Nothing Saved For Retirement.

[Mike Morrison]

Quote from morganist:


the most likely scenario is they will be old, penniless and unemployed. mass suicide.

They won't be penniless. What they will be is the single largest voting block of all-time. It's not a great time to be 25-35 years old and thinking about how this plays out.

 

[crgarcia]

Quote from achilles28:

According to the... Retirement Confidence Survey, the percentage of American workers who have less than $10,000 saved for retirement has grown to 43%.
http://money.cnn.com/2010/03/09/pf/retirement_confidence/index.htm

Who carries the water when Social Security blows up?

Worse than having nothing saved, How many have huge DEBTS?

 

[morganist]

Quote from Mike Morrison:

They won't be penniless. What they will be is the single largest voting block of all-time. It's not a great time to be 25-35 years old and thinking about how this plays out.

That assumes there will be a democratic system. If the economy collapses revolution and warlords will control.

 

[JeffUSA]

I'm surprised that 40% was the number given. I bet it is more like 80%.

As far as the planet being overpopulated, I would definitely say no. I have done some travelling around and their are huge expanses of empty land out there just ripe for settlement. I believe that the Earth could support about 200 billion people comfortably. Maybe the area you live in is overpopulated but I wouldn't say the Earth as a whole is.