Because shit is expensive and pay is crap.
But the billionaires have consolidated more wealth, so we have that going for us /s
It’ll start trickling down soon, right?
You don’t have to be American for this. I can’t afford to save so we live paycheck to paycheck, and pensions here are nothing to write home about. That is, if there will still be any pensions when our generation hits retirement age. I’m not counting on it.
As if the global owner class is colluding to fuck the international peasant class…
My ohh my, nobody saw this coming folks!
Which country are you in?
Flanders, Belgium
What will the future look like in 10-20 years when people who can’t retire, yet too old to really work, are replaced by AI and young people?
Are we prepared for millions of new homeless or a surge in suicides in those above 60?
And why are individuals still being allowed to hoard tens of billions of dollars?
i like your outlook that we will be alive and still have modern concepts in 10 to 20 years like retirement. Instead of living in caves and choking on Air while trying to not be take in by heat stroke.
Are we prepared for […] a surge in suicides in those above 60?
“That would make things so much easier” - evil governments and their supporters
I am contributing, but I expect to work till I die, because I am assuming the market has not actually factored in climate change costs and all my investments will turn to nothing once it all crashes.
https://press.uchicago.edu/ucp/books/book/chicago/W/bo212888995.html
A book from a well known economist who calls out the deliberate actions that led to this place in the US, and that fixes are still plenty manageable…but they require political action.
Personally I think we’re past the point of no return. While homelessness becomes a crime in the middle of a housing affordability crisis and while Republicans weaponize being able to afford housing against being able to vote, it will get even harder to change as eligible voters are kicked off rolls for not being able to afford REIT-set rents that go up with the greed of Wall Street.
Unless you have been loading up on SPY or VOO since 2008, you won’t be able to retire. House is not a retirement plan, and bonds did not pay shit until recently.
How many people loaded up on SP500 index? How many got enough to retire? I would posit less than 25% of boomers and that down % goes down for each generations after.
