I think one of the best and most sobering videos to watch is the
PBS Frontline episode: The Retirement Gamble
I like the guy who thinks the federal pension system is unfair and bloated too, without having all the facts. Everyone just assumes Feds get benefits like the state of Illinois gives away, which simply isn't the case. I do my best to help friends and family with their retirement accounts and make them aware of long-term benefits, but I fear that there will be a much larger population in the future that rely solely on social security to live. Having spent a lot of time in post-Cold War Eastern Europe the devastation of defaulting on all pensions is stark. It's hard to come to terms with women in their 70s on the street begging for money to heat their homes, it's not a pretty sight.
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