5 ms·
They won't be entering the labor force at 40+. Without some kind of disability benefit that keeps them housed and fed, they'll end up living out of a car or a t
by courtf 5y ago
They won't be entering the labor force at 40+. Without some kind of disability benefit that keeps them housed and fed, they'll end up living out of a car or a tent, playing games on a phone they charge by running the engine on the camp Winnebago. Bloomberg will run articles about how cars, tents and gasoline are holding them back from participating in the economy.
- washadjeffmad 5y agoOr they'll be fine, marry loving partners, get into doing something lax like flipping cars or real estate, spend more than they probably should on entertainment, have a kid or two, pay off their $100k home by retirement age, and live like most of the bottom 40% of the US. Not everywhere has money. I'm from a place where mortgages (with PMI) plus property tax are under $600/mo, families mostly own one vehicle (a van or truck), and people outside of regular blue collar either work six months out of the year trucking, at one of two local corporate offices, or hold multiple jobs part time (30-32 hours per so they don't ever get benefits). That's how a lot of America lives, and that's who Medicare4All, free higher ed, and federal funding for K12 helps the most, which would do a lot to build and reinforce our lower middle class.
- Noos 5y agoit doesn't work this way. My experiences/watching is that the men at 40 live with their parents or relatives, take care of them some, and stay single for the rest of their lives in a pretty low standard of living. Essentially those men are the new spinsters, and definitely do not have decent jobs or kids.