*flash forward to the 2050s*this is lame coming from a multi millionaire
Most of CE: What do you mean we still have to keep working after investing nothing?
this is lame coming from a multi millionaire
this is lame coming from a multi millionaireHe's not wrong though. Pretty much all of us on here are between 25 and 45 years old, which is 20-40 years before retiring. There's really no excuse none of us have, outside of debilitating disabilities, to not be able to retire. All of us can get a degree, certification, trade, etc. that will allow us to get a job with a healthy 401k matching benefit and pay well enough to contribute to -- or join the government and get a steady federal or state pension.
There's really no excuse none of us have, outside of debilitating disabilities, to not be able to retire. All of us can get a degree, certification, trade, etc. that will allow us to get a job with a healthy 401k matching benefit and pay well enough to contribute to -- or join the government and get a steady federal or state pensionu are remarkably out of touch
He's not wrong though. Pretty much all of us on here are between 25 and 45 years old, which is 20-40 years before retiring. There's really no excuse none of us have, outside of debilitating disabilities, to not be able to retire. All of us can get a degree, certification, trade, etc. that will allow us to get a job with a healthy 401k matching benefit and pay well enough to contribute to -- or join the government and get a steady federal or state pension.This has to be a shitpost
People think retirement is impossible but that's falling for propaganda from the investor class who want to keep us working until death.
He's not wrong though. Pretty much all of us on here are between 25 and 45 years old, which is 20-40 years before retiring. There's really no excuse none of us have, outside of debilitating disabilities, to not be able to retire. All of us can get a degree, certification, trade, etc. that will allow us to get a job with a healthy 401k matching benefit and pay well enough to contribute to -- or join the government and get a steady federal or state pension.And what is your basis for saying that?
People think retirement is impossible but that's falling for propaganda from the investor class who want to keep us working until death.
And what is your basis for saying that?I grew up in an immigrant family with 6 people in a 3 bedroom house, no one in my family went to college or knew how to navigate the system. My parents pulled in less than $40k combined, I had fuck all growing up. I flunked out of college after a couple years because I couldn't hack it. Spent my mid-20s bouncing from small job to small job barely making ends meet.
If I have no savings for retirement won't the government have to take of me no matter what?No lol. If all you have is SSI, you're gonna be struggling hard. One of my mom's old classmates from high school retired with only SSI. That lady only gets like $300 a month from that. She has to rely on her daughter for most things.
But people are buying houses, people are making more money, people are making rent. Can we do stuff to make it all better and even easier? YES we absolutely fucking can, I'm not a fan of this kind of doomerism though.the average person in the current day US is not fucking buying a house
Total collapse? The US has the least chances of most countries of that happening
I grew up in an immigrant family with 6 people in a 3 bedroom house, no one in my family went to college or knew how to navigate the system. My parents pulled in less than $40k combined, I had fuck all growing up. I flunked out of college after a couple years because I couldn't hack it. Spent my mid-20s bouncing from small job to small job barely making ends meet.Most people cant just get a 6 figure job even with a degree
Finally went back to school and got a degree, now I pull six figures and have $200k in my 401k and I'm barely in my 30s, I pay more in taxes each year than my dad earns.
I'm not saying it's easy, it's just something that's attainable if you work towards it. I don't have a cool job or anything, just work for a Fortune 500 company that has a basic 5% match and the opportunity to promote.
Is there like a higher concentration than normal of people with serious health impairments and doomers here on CE? Lot of people seem to think they, or the country (which is very silly), won't make it to retirement age.It certainly feels that way sometimes >_> CE definitely doesnt represent the average
Is there like a higher concentration than normal of people with serious health impairments and doomers here on CE? Lot of people seem to think they, or the country (which is very silly), won't make it to retirement age.With how many people are now drinking soda so much every day, this generation will become known as the diabetes generation.
I'm not saving for retirement because I won't be around thenThis, but unironically.
"Why didn't people just invest the money they didn't have!?"and this
For the people saying they won't reach retirement age and so there is no point to save for retirement, what happens if you do make it to retirement age?Oh I'm still putting money in 401k, I'm just assuming I'll never get to see it.
Like, as small of a chance you think it is, what if you beat the odds and do actually make it to retirement with no retirement savings? What do you anticipate will happen?
This is more of a curiosity thing, as I am sure there must be retirees alive today who had the same sentiment when they were younger and I also wonder what has resulted of them.
Fucking facepalm.what's the matter, why don't you just go do that too
For the people saying they won't reach retirement age and so there is no point to save for retirement, what happens if you do make it to retirement age?
Like, as small of a chance you think it is, what if you beat the odds and do actually make it to retirement with no retirement savings? What do you anticipate will happen?
This is more of a curiosity thing, as I am sure there must be retirees alive today who had the same sentiment when they were younger and I also wonder what has resulted of them.
For the people saying they won't reach retirement age and so there is no point to save for retirement, what happens if you do make it to retirement age?I'm sure most of us are still putting into a 401k and shit, but most people can't even afford a house or anything. What's the point of living extremely frugally during your prime so maybe you can enjoy it in the last decade or two of your life?Social security might not even still exist in 30-40 years.
Like, as small of a chance you think it is, what if you beat the odds and do actually make it to retirement with no retirement savings? What do you anticipate will happen?
This is more of a curiosity thing, as I am sure there must be retirees alive today who had the same sentiment when they were younger and I also wonder what has resulted of them.
Most people cant just get a 6 figure job even with a degreeSure, but a lot of the posts in here are very doom and gloom. Even if you can't get a six figure job, making 0 effort towards having any sort of retirement just means you'll be very miserable in old age. Even without a 6 figure job, you could get a roommate (or roommates) so that you have cheaper rent and can start putting a little money towards retirement. Or if you plan on finding a partner, having a partner that also works can be another way that someone saves money. You don't have to be maxing out a 401k every month. Even starting a little bit at a time is more of a plan than "I'll save when I'm dead"
what happens if you do make it to retirement ageread between the lines
FYI, anyone can create an account on https://www.ssa.gov/myaccount/ and see how much you'll be estimated to receive monthly, as well as see how much you've put in over the years
Sure, but a lot of the posts in here are very doom and gloom. Even if you can't get a six figure job, making 0 effort towards having any sort of retirement just means you'll be very miserable in old age. Even without a 6 figure job, you could get a roommate (or roommates) so that you have cheaper rent and can start putting a little money towards retirement. Or if you plan on finding a partner, having a partner that also works can be another way that someone saves money. You don't have to be maxing out a 401k every month. Even starting a little bit at a time is more of a plan than "I'll save when I'm dead"who the fuck wants roommates in their 30s just so they can put money towards retirement
who the fuck wants roommates in their 30s just so they can put money towards retirement
well if you have a social security number you can
Ok
What's your point
I grew up in an immigrant family with 6 people in a 3 bedroom house, no one in my family went to college or knew how to navigate the system. My parents pulledMade it this far before I lost interest.
Yall realize exactly almost 100 years ago people were in an exoonentisllyeorse economic state called the Great depression and they still lived their lives and raised families and stuff because thats a normal human thing to do?You know what those people had though? Belief that a future was going to be better.
We got a ways to go before we're at that level just sayin
You know what those people had though? Belief that a future was going to be better.
Today, what do we got? The climate lookin' to give a whole bunch of people beachfront property and waking up all kinda nasty diseases. The economy not really following common sense any more, and even if it does we got crypto doing whatever the fuck it wants with money basically.
Big difference between then and now? Prez gettin' blown away, nukes flying, all that is controllable by humanity in some degree. We can recover. There's a lot of stuff going on right now that we're just incapable of fixing as things stand, and we're trying, but we're still a long ways off making anything better.
Not really a reason to care too much about the future these days.
Diseases and climate disasters aren't new, but this climate one is a unknown. While itd been a while since humanity has faced a legit one, weev also never had the technology and communication we have now.
If you dont care about the future theres no point caring about the present. But people do care about the present, and should.
You just gotta carve out an existence that works and take control of what little you can. Theres value even in being a small force for good in the world, there always has been.
Warmer climate means we're going to get more pandemic-style diseases in all reality, so it'll likely be way more common. Climate change is definitely fucking us up already(Look at the Tornado statistics from the past couple years would be an easy one).
Being a small force of good is great and all, but these days it's pretty easy to feel like everything is crushing you under heel in the present, and the outlook for the future is pretty grim these days. Not to mention Millenials going through... three? Four? "Once in a lifetime" economic disasters. I'm still doing what I can for my retirement, but that's strictly because I want time to sit on my ass and play video games when the time comes until I'm too old to move. Most people I know though? They don't care about it, honestly.