3 ms·
Something tells me they won't be spending their twilight years working the fields, but I suppose there's always a convenient counterexample or two out there to
by courtf 5y ago
Something tells me they won't be spending their twilight years working the fields, but I suppose there's always a convenient counterexample or two out there to latch onto if you're looking for ways to ignore the broad trends.
- missedthecue 5y agoAll you're really saying is that the stock market is higher than it was in 2008. It's a true statement, but I don't feel that it's very insightful.
- courtf 5y agoHuh? No, I'm saying that a billionaire may have lost all their investments, but chances are they will never be so poor as to become one of the traveling poor when they are old. The crash in 2008 didn't just wipe out investments, tons of poor Americans had no investments anyway. The crash took out people's livelihoods, their jobs and homes. And without health insurance, they tend to ignore health problems that gradually become more expensive problems that can also wipe them out. They are too poor and too old to recover from these types of loss, and the government benefits they are entitled are not enough to keep them homed and healthy. The rich who lost money in the stock market will never in their lives have to consider these issues, and frankly I'm shocked at how often this stuff seems to fly over the heads of people on this website.