The biggest scam is privatization of public pensions. The private sector gets to make huge profits managing the pensions but when things don’t work out, the taxpayers are asked for a bail out.
I think that public employees should get 401Ks like everyone else.
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Yeah, I agree we are due for a recession.
Savvy families should manage their lives as follows:
1) fall in love during the boom.
2) get married and buy a house during a recession.
3) save and move-up during the next recession.
4) but a vacation home during the next recession.
4) buy a retirement/rental house during the next necession and rent it out.
5) Sell the main residence during the next boom and retire. Move to the retirement house. Keep on enjoying the vacation home.
6) Sell the vacation house during the next boom, and fully retire.
