Ben Stein on Retirement
I know Ben Stein mostly through Clear Eyes commercials and the Comedy Central show “Win Ben Stein’s Money.” Apparently, though, he is much more than that. Check out this Forbes article to see what I mean:
According to Ben Stein, the fault lies not with Social Security but with ourselves.
Stein is on a crusade to warn Americans about the coming retirement crisis. It has less to do with Social Security or its reform, and more to do with the dramatic decline in U.S. savings and the absence of individual retirement planning.
“This is the greatest crisis facing the country that people can do something about,” Stein says. The crisis is that they are not.
In the article, “Retirement Doomsday,” Stein mentions that almost “28 million U.S. households–37% of the total–do not own a retirement savings account of any kind.” “Even among households with incomes of $75,000 or more, 23% had no retirement savings account or pension plan.” Yikes.
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