"But with a rate of return of 1.6 percent or less, or a negative rate of return, our children and our grandchildren, if we do not make changes, will in fact not have a secure retirement. Indeed, they will not have the funds when they go to retire to even minimally get by"
- John Shadegg
About this Quote
This quote by John Shadegg is referring to the existing state of retirement funds. With a rate of return of 1.6 percent or less, or perhaps an unfavorable rate of return, our kids and grandchildren will not have a protected retirement. This means that when they go to retire, they will not have sufficient money to even manage. This is a serious problem that requires to be attended to, as it might have a substantial impact on the future generations. Without a safe retirement, individuals will not be able to live comfortably in their later years. It is necessary to make modifications now in order to ensure that our children and grandchildren have a safe retirement. This could include investing in retirement funds, conserving more cash, and making wise financial choices.
This quote is written / told by John Shadegg somewhere between October 22, 1949 and today. He/she was a famous Politician from USA.
The author also have 19 other quotes.
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