Holy cow, how did I never think about saving my money? It’s such an obvious solution! I can save so much by just saving! Sure, after rent, bills, and other expenses I only make about $100 of profit every month, but if I just save that $100, I’ll only have to work 16 years for every year I’m retired. By the time I hit 96, I’ll have enough saved to live to the age of 100! And then when you factor in high interest savings accounts, I could even retire at 95!
I didn’t even make it past the first paragraph. You legitimately made a terrible insult, then told them to take a seat because you’re better at shit talking. For the future, don’t brag about talking shit as a forn of talking shit. It just comes off as insecure and really kills it.
The world will be fine. Its human society or specifically the working class who are fucked. Mostly by food scarcity due to drought and/or climate collapse.
We are already in the age of mass die offs, and low level extinctions, by the early 2030s mass extinctions will be the norm and by 2050naround 50% of all crops globally will fail on average. And that’s only if thing stay the same trajectory as they are now. Major events like the gulf stream collapsing could make things much worse much quicker.
So I think I will just spend my money enjoying life while I can, before the global famines happen :)
So… what’s currently happening and has always happened? The current average social security payment is $1800. Which isn’t even enough for rent and bills in most places. There are a lot of old people that worked blue collar or service jobs, payed taxes their whole life, saved what they were told and could. But they retired at 65 and planned on dying at 75, the average life span. Now they’re 80.
Right?! All these people who think that there are just well paying jobs, that cover your expenses plus some, are just sitting there while we ignore them and choose to be poor.
I’m in my 40’s going back to school again trying to do better. I’ve changed jobs roughly every 4-6yrs to get better pay and hours. I got stupid lucky to find 2 people to buy a house with right before the market went to shit. I’m making better money than ever in my life but still living the same. Gas, taxes, food kept a steady rise, along with the school loans I never made the promised income for (from the schools recruiters, career aids, etc) thus am still repaying.
Poor people aren’t lazy. We’re just poor.
Imma bet most of us are the kind of people that would never take advantage of someone else for our personal gain. Most old acquaintances I’ve met back up with who are doing much better off, I can’t say that I would do what they did for it. I’ve been called things and scoffed at when I’ve said I have personal morals, and told how it interferes with making real money. Absolutely not saying anyone making good money isn’t moral. It does narrow down the scope of opportunities though.
(Addressing the US because I live there) Even people with “middle class” incomes are living paycheck to paycheck these days. How can you contribute to a 401k when you can’t even maintain a balance in your savings account? Let alone other investments, etc, even if you do know what you’re doing with the various financial instruments.
The cost of living is beyond the pale right now anywhere in the US where you actually stand a chance at making decent money, so your choices are to A: suffer now under severe self-imposed austerity, saving a pittance for retirement knowing that you’ll still almost certainly wind up destitute in old age, or B: enjoy your youth to the extremely limited degree that you’re able to, have the odd nice coffee or dinner with friends, and then also still become destitute in old age.
Frankly, a huge percentage of the US population are simply fucked, and given the political landscape where you are given a choice between the “do nothing” party on the center right and the “eat the poor: serfdom now” party on the far right, you can’t blame people for having absolutely zero hope. As for me, I’m extremely privileged to be a dual citizen of the UK/US so I’m going to be running back to Scotland as soon as humanly possible. Come what may, at least Scotland’s position on poor people isn’t to let them die on the streets like it is here.
I’ve long maintained that if every US citizen got to experience the basic social safety nets that even the UK provides, politicians would find themselves strung up by their intestines in short order. I think people here just really lack context as to how truly distopian this country is.
They’ve already normalized people living paycheck to paycheck. A lot of jobs are offering daily pay now, where you can pull out your wages from the previous day for a small surcharge. They’re trying to normalize living shift to shift next.
Retirement being supported through taxes rather than individuals choosing to save would be far better. It’s wealth based so people who can afford to save for retirement are already doing it by default, and people who make an egregious amount of money are taxed so those who can’t afford to save for retirement aren’t left to rot.
Same concept as other social services, really. Having the means for basic survival should be guaranteed by society, especially for people who can’t support themselves.
Fair, but I think there should be a personal responsibility component. Not as big as it is now, but some.
Like, UBI, I agree sounds like a good idea. But also if people want a better retirement than the bare minimum, they should save more during their working days.
I said a component, not the whole thing. Right now there’s waaaay too much “personal responsibility”. I’ve already said I’m in favor of universal basic income. I just think people also need some incentive to save. Or to increase earnings.
I’ve seen what happens to people who outlive their money. It isn’t pretty. You might think you’ll just keep working, but there’s a lot of things that can make it so you can’t work.
I’m sure a lot of people commenting can’t afford to save, but if you’re someone who can afford to do so and you’re just not prioritizing it, you might come to regret it.
In 60 years all you dumb fucks are gonna be old and broke as fuck and demanding the next generations pay for your stupid asses through higher taxes.
Save your fucking money. The world might not end.
Holy cow, how did I never think about saving my money? It’s such an obvious solution! I can save so much by just saving! Sure, after rent, bills, and other expenses I only make about $100 of profit every month, but if I just save that $100, I’ll only have to work 16 years for every year I’m retired. By the time I hit 96, I’ll have enough saved to live to the age of 100! And then when you factor in high interest savings accounts, I could even retire at 95!
Yeah yeah. I’m not talking to you, I’m talking to all the idiots in this thread who refuse to save money even though they could
You’re getting angry at people which don’t exist
Literally the next response down from yours rofl
https://lemmy.world/comment/8166808
You linked me to a comment which is explicitly telling people to save money. You melon
Removed by mod
I didn’t even make it past the first paragraph. You legitimately made a terrible insult, then told them to take a seat because you’re better at shit talking. For the future, don’t brag about talking shit as a forn of talking shit. It just comes off as insecure and really kills it.
Figured. I’m just glad you’re making progress at literacy.
You’re the one who can’t link something right and you come and behave like this? You shouldn’t be a member of the human race.
I’d rather be human than whatever you are
Bro you suck at insults.
What do you mean? Removed by mod is the best insult.
The world will be fine. Its human society or specifically the working class who are fucked. Mostly by food scarcity due to drought and/or climate collapse.
We are already in the age of mass die offs, and low level extinctions, by the early 2030s mass extinctions will be the norm and by 2050naround 50% of all crops globally will fail on average. And that’s only if thing stay the same trajectory as they are now. Major events like the gulf stream collapsing could make things much worse much quicker.
So I think I will just spend my money enjoying life while I can, before the global famines happen :)
I don’t want to hear a PEEP outta you when you’re old and broke
I still have my mandatory pension as a backup so even if a miracle happens I won’t be that broke.
Sounds like I should be investing in dry beans, rice, sugar, and other non-perishables.
And maybe some ammo.
So… what’s currently happening and has always happened? The current average social security payment is $1800. Which isn’t even enough for rent and bills in most places. There are a lot of old people that worked blue collar or service jobs, payed taxes their whole life, saved what they were told and could. But they retired at 65 and planned on dying at 75, the average life span. Now they’re 80.
So here’s the thing- social security shouldn’t be your only source of income. That’s what savings are for. That’s what investments are for.
I’m not saying it’s great or I agree with it, but saving for retirement is something that should be a priority from the beginning
Ooh la la, look at Mr. Money Bags over here with extra cash to save for retirement.
If you go all the way to retirement age without ever saving a dime, there is some self reflection to be done
Not necessarily your fault. Some careers just don’t pay anything, and some areas only ever have low paying jobs, and some people are disabled etc etc.
A lot of people are born poor, live poor, and die poor. Getting out is the exception.
Right?! All these people who think that there are just well paying jobs, that cover your expenses plus some, are just sitting there while we ignore them and choose to be poor.
I’m in my 40’s going back to school again trying to do better. I’ve changed jobs roughly every 4-6yrs to get better pay and hours. I got stupid lucky to find 2 people to buy a house with right before the market went to shit. I’m making better money than ever in my life but still living the same. Gas, taxes, food kept a steady rise, along with the school loans I never made the promised income for (from the schools recruiters, career aids, etc) thus am still repaying.
Poor people aren’t lazy. We’re just poor.
Imma bet most of us are the kind of people that would never take advantage of someone else for our personal gain. Most old acquaintances I’ve met back up with who are doing much better off, I can’t say that I would do what they did for it. I’ve been called things and scoffed at when I’ve said I have personal morals, and told how it interferes with making real money. Absolutely not saying anyone making good money isn’t moral. It does narrow down the scope of opportunities though.
(Addressing the US because I live there) Even people with “middle class” incomes are living paycheck to paycheck these days. How can you contribute to a 401k when you can’t even maintain a balance in your savings account? Let alone other investments, etc, even if you do know what you’re doing with the various financial instruments.
The cost of living is beyond the pale right now anywhere in the US where you actually stand a chance at making decent money, so your choices are to A: suffer now under severe self-imposed austerity, saving a pittance for retirement knowing that you’ll still almost certainly wind up destitute in old age, or B: enjoy your youth to the extremely limited degree that you’re able to, have the odd nice coffee or dinner with friends, and then also still become destitute in old age.
Frankly, a huge percentage of the US population are simply fucked, and given the political landscape where you are given a choice between the “do nothing” party on the center right and the “eat the poor: serfdom now” party on the far right, you can’t blame people for having absolutely zero hope. As for me, I’m extremely privileged to be a dual citizen of the UK/US so I’m going to be running back to Scotland as soon as humanly possible. Come what may, at least Scotland’s position on poor people isn’t to let them die on the streets like it is here.
I’ve long maintained that if every US citizen got to experience the basic social safety nets that even the UK provides, politicians would find themselves strung up by their intestines in short order. I think people here just really lack context as to how truly distopian this country is.
They’ve already normalized people living paycheck to paycheck. A lot of jobs are offering daily pay now, where you can pull out your wages from the previous day for a small surcharge. They’re trying to normalize living shift to shift next.
Getting out may be an exception but self-defeating right away, like a lot of people in this thread, isn’t the way to become the exception.
100% agree.
Exactly. Boomers spent all their money in the 80s and are now broke and surprisingly not dead yet. They should have saved more.
How are people so dense?!?!
If they stop contributing to their retirement accounts then my contributions will be in jeopardy!!!
It’s a pyramid that benefits us all…eventually.
…when my forebears ask about my retirement savings, i point to my interest, insurance, and rent fueling theirs…
Retirement being supported through taxes rather than individuals choosing to save would be far better. It’s wealth based so people who can afford to save for retirement are already doing it by default, and people who make an egregious amount of money are taxed so those who can’t afford to save for retirement aren’t left to rot.
Same concept as other social services, really. Having the means for basic survival should be guaranteed by society, especially for people who can’t support themselves.
Fair, but I think there should be a personal responsibility component. Not as big as it is now, but some.
Like, UBI, I agree sounds like a good idea. But also if people want a better retirement than the bare minimum, they should save more during their working days.
Are you wealthy? Like really, really wealthy?
Im talking multiple properties owned and owning a successful business kind of wealthy.
If not the “personal responsibility” phrase was invented to dupe people just like you.
What part of letting the elderly rot, starve and suffer because they didn’t make the “right” choices sounds good and moral to you?
I said a component, not the whole thing. Right now there’s waaaay too much “personal responsibility”. I’ve already said I’m in favor of universal basic income. I just think people also need some incentive to save. Or to increase earnings.
I’ve seen what happens to people who outlive their money. It isn’t pretty. You might think you’ll just keep working, but there’s a lot of things that can make it so you can’t work.
I’m sure a lot of people commenting can’t afford to save, but if you’re someone who can afford to do so and you’re just not prioritizing it, you might come to regret it.
No
In 60 years, you will be dead. The world will be fine. You, however, will not.