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MAY 05, 2013 - Business Insider

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To Save The Job Market, Reduce The Medicare Eligibility Age To 55

One of the many ranting points I see on progressive blogs is against "the top 20%" who are apparently presumed to be the functional equivalent of Jamie Dimon. Not so. Many of "the top 20%," in terms of wealth as opposed to income, are also known as "mom and dad." If you look at the Census Bureau's breakdown of average wealth by age group, the most prosperous are those on the verge of retirement. They've had 30 or 40 years to gradually build up savings. For example, a couple who each have $50,000 jobs (in today's dollars) and live frugally by spending half of their net earnings and saving the ... Read More

Tags: To Save The Job Market, Reduce The Medicare Eligibility Age To 55,  Accountant Latest News