People need to save their money, Congressman Latta says
Congressman Bob Latta (R-OH) says there is a serious problem in this country and we need to encourage more people to save. The United States has a negative savings rate, and how are these people going to take care of themselves when they get ready to retire? With Social Security today, there is about 3.3 workers per person on Social Security, and in the future when it gets to be one to one, those people can only expect about 78% of Social Security. We need to encourage people to go out and save, because there might not be that safety net for individuals. (1:05)
April 9, 2008
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