Weird, the article made it seem like it was some kind of last-resort thing, sayi... | Hacker News

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seszett on Aug 23, 2017 | parent | context | favorite | on: 1 in 3 Americans Have $0 Saved for Retirement (201...

Weird, the article made it seem like it was some kind of last-resort thing, saying that people with no savings will have to keep working.

Why is there a need to save for retirement then, if there's already a national contribution system?

trackone on Aug 23, 2017 [–]

I think it just depends if you are okay with what the social security benefits pay out. Currently if you retire it is $2,687 a month. This is the max though. Most may get less.

[1] https://faq.ssa.gov/link/portal/34011/34019/article/3735/wha...

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