Everybody should be asking “Why is the American Auto Industry Failing?”. It’s quite simply in the numbers.
# of Employees: 239,000
# of Retirees Being Paid Pensions: 775,000
# of People get Heathcare: 2,000,000+
This is a very touchy subject for America. It’s because retirement promises were made that can’t be kept. So should the government tax the rich more to pay for retirement or should the retirees get only a portion of what they are promised.
I for one am not expecting any help when I retire (19 more years, age 50). It would be in your best interest to plan for your own retirement as well.