Let’s try another avenue that hasn’t been explored as much as it should be. The word “seniors” is a generalization meaning both men and women. Now, my wife for instance, is of the old school and was a house wife and mother to 3 kids for the better part of her younger days. This left NO time for schools, trades, or gainful employment of any kind. Heck, even in those days women were not allowed to have a bank account unless it was approved by the husband but I digress. By the time she Could go to work, it was, “get what you can and stick with it” kind of work because she had no background in anything that higher paying employers want. As it is, even her SS is around half of mine (which is definitely wrong) because she didn’t pay enough into it to warrant a full check. The only thing the government does do for her is give her an extra hundred beans because she’s presently married to me. Now, one could rationalize that , “when a woman is married the man is supposed to earn enough for both of them to retire successfully.”. In an ideal situation this might be true but how many marriages are indeed ideal and how many end up in divorce (or death) leaving the female to fend for herself and her kids? Even if a marriage stays intact, how many coal miners, construction people and other blue collar workers actually make enough to make ends meet much less think of buying that nice RV and travel the world until they can rest in a ritzy retirement home? Oh well, maybe they should have invested 10% of their wages to a mutual fund so they’d be set! Let’s see, 10% to the church, 10% to a Mutual Fund 33% (ideal) for house and utilities, 30% to the government, and 20% for kids clothes, groceries etc. Whoops! That’s over 100% so I’d best leave out the extra life insurance, mutual funds and that IRA I was thinking about and try to feed my kids better and save for their college. Truth is, without even doing the research I am sure that if there are 1 in a 1000 or more seniors of our generation who can say that they are fully endowed with enough in the bank to say they are fully covered for their retirement, I’d be deeply surprised.