If they are going to quote controversial percentages, IMHO politicians would probably be better off launching a verbal battle about why only 5% or less of the US population has $1M+ in assets (excluding real estate). I know I’ve mentioned this before, and it still astounds me.
A number like this definitely does not bode well for the future of this country–unless, of course, we end up in a a society that is primarily supported by the government. If, or until then–it’s a real concern going forward as to how the majority of people plan to support themselves long-term–especially in retirement.
