Detailed text transcripts for TV channel - FOXNEWS - 20120806:14:07:00
Will only get worse for future retirees according to this analysis. how encouraging is this. or discouraging? steven moore senior writer for the wall street junior. how are you doing. >> hi, bill, good morning. bill: what does this tell us about the system. >> i've been blowing the whistle on this for 20 years. this day has finally arrived where for a lot of retirees now they are going to get less money out of social security than they paid in. we know that our parents and our grandparents did very well under social security. they got much more in benefits than they paid in. this is a bit of a...