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> If you think someone in a low tax bracket on fixed income has the spare money to invest in anything, you're not understanding the words "low income" or "fixed
by xyzzyz 6y ago
> If you think someone in a low tax bracket on fixed income has the spare money to invest in anything, you're not understanding the words "low income" or "fixed."
The low fixed income often comes from investment. For example, you save money in 401k, then as you near retirement, you shift investments into safer instruments ie. bonds. The result is exactly low fixed income and vulnerability to inflation.
- deanak 6y agohttps://www.epi.org/publication/retirement-in-america/ https://www.epi.org/publication/retirement-in-america/ > Nearly half of families have no retirement account savings at all. https://www.nytimes.com/2021/01/26/upshot/stocks-pandemic-inequality.html https://www.nytimes.com/2021/01/26/upshot/stocks-pandemic-in... > Families grouped by percentiles of net worth: > Bottom 50: 50% of Families | 1% of Equities | 0% of Stock I'm not sure why you think the poor have investment portfolios. They don't.
- xyzzyz 6y ago> I'm not sure why you think the poor have investment portfolios. They don't. I never said or implied anything of the sort. I recommend reading carefully what I actually said, and then addressing that instead.