Simply Politics & News

[sarals]

is that rate of return adjusted for inflation?

yes, people can lose their shirt in real estate. I'm not advocating real estate in place of social security. And I'll try making my point one more time

social security is meant to cover those people who have not saved, invested wisely, etc., and find themselves in old age without a nest egg. it's meant to provide a basic income to prevent our elderly from losing their homes and ending up in the street or eating cat food. That's why I support the concept of a basic government backed retirement plan that is "fool proof". It's humane and compassionate.