From: "jIM" 
Newsgroups: misc.invest.financial-plan
Subject: Re: Percentage savings of gross or net income?
Date: Thu, 3 Aug 2006 16:30:13 -0500
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>> The person working at Wal Mart
> > as an hourly
> > employee has the added advantage that to maintain their
> > standard of
> > living, they need to save a lower overall amount than the
> > "rest of us".
>
> I spoke of a person
> escaping poverty, not simply maintaining  his or her
> currrent impoverished status in retirement.
>

Easier to escape if nest egg replaces 100% of current income and Social
security would be close to a 30% bonus on top of this, so 130% of
income was replaced.