Study finds 62% of Americans have have saved less than $1,000 for retirement

When these people hit retirement, the welfare state will collapse and we will become Greece.

Via Breitbart:

Study after study shows that Americans are not saving for retirement like they should, and a new survey finds that nearly one third of people who have some sort of savings plan have amassed less than $1,000 for retirement.
The survey titled “Preparing for Retirement in America,” by Employee Benefit Research Institute (EBRI) and Greenwald and Associates, finds that only 65 percent of workers have any savings for retirement, a number that fell below the 75 percent figure from 2009.
But 28 percent of workers report that they have saved less than $1,000 for retirement, and almost 6 in 10 Americans say that their financial planning needs improvement.
Additionally, 34 percent say they have made no effort at all to saving anything or make a retirement plan. Still, most say that they intend to start saving at some point.

Debunking Obamacare Cost savings

Democrats claim there will be a cost savings under Obamacare because people will use the emergency room less. They claim the uninsured go to the emergency room more often because they can't afford a primary care physician. Is this true? A recent PriceWaterhouse Coopers survey does not support that claim. They found Medicaid patients use the emergency room twice as much as the uninsured do. Also, Massachusetts, which has a "universal coverage" mandate, has one of the highest ER visit rates in the country. The Democrats plan to shove more people into Medicaid may dramatically increase ER visits and costs.

From the NY Post:

ERs are indeed dangerously overcrowded; having worked in a busy city ER for more than a decade, I can tell you that the "extra" patients interfere seriously with basic care. But the solution doesn't involve giving more people insurance coverage -- it requires turning more people into wise consumers.

A recent PriceWaterhouse Coopers survey found that half of patients who visited US emergency rooms over the last year did so unnecessarily....