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Regarding those who will only bring home 15k per month post retirement: "And, for those folks who made enough to accumulate this much wealth during their worki

Regarding those who will only bring home 15k per month post retirement: "And, for those folks who made enough to accumulate this much wealth during their working years, the reduction in income and lifestyle during retirement can be stressful." This is where I started laughing out loud! What a profound lack of perspective.

forensic 15y ago
If you're unable to identify with those people, then you lack perspective as well. Having perspective includes the perspectives of the top 1% as well as the perspectives as the bottom 99%.
danenania 15y ago
Sounds like simply an observed fact to me. He didn't say he felt sorry for them, just that it causes them stress. The point was that these people aren't beyond financial worry.
cantbecool 15y ago
I too did the same exact thing, and I share your opinion. People in the upper echelon, especially in the finance industry, have lost their minds. What ever happened to aphorism living below your means. I guess people that the quote references are not financially prudent, and honestly, deserve to suffer in my eyes, since they probably caused this mess to begin with. Shit, to be honest, I'd be lucky to net 1/7th a month of that income while working this year. Hopefully, if everything goes better than plan, I'd be able to land a fulfilling job where I can net 1/6th, but I am highly skeptical though.
deleted 15y ago
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rayiner 15y ago
The point of the article isn't that we should pity those folks making "only" $300k/year. They have nice houses and nice cars and eat at nice restaurants. However, they still need to worry about money. If your $300k/year is coming from your labor as a lawyer, and you go blind, your financial situation does a 180. If your $300k/year is coming from dividends on the huge pile of stock you own, that's a totally different ballgame.

forensic 15y ago

If you're unable to identify with those people, then you lack perspective as well. Having perspective includes the perspectives of the top 1% as well as the perspectives as the bottom 99%.

danenania 15y ago

Sounds like simply an observed fact to me. He didn't say he felt sorry for them, just that it causes them stress. The point was that these people aren't beyond financial worry.

cantbecool 15y ago

I too did the same exact thing, and I share your opinion. People in the upper echelon, especially in the finance industry, have lost their minds. What ever happened to aphorism living below your means. I guess people that the quote references are not financially prudent, and honestly, deserve to suffer in my eyes, since they probably caused this mess to begin with. Shit, to be honest, I'd be lucky to net 1/7th a month of that income while working this year. Hopefully, if everything goes better than plan, I'd be able to land a fulfilling job where I can net 1/6th, but I am highly skeptical though.

deleted 15y ago

[deleted]

rayiner 15y ago

The point of the article isn't that we should pity those folks making "only" $300k/year. They have nice houses and nice cars and eat at nice restaurants. However, they still need to worry about money. If your $300k/year is coming from your labor as a lawyer, and you go blind, your financial situation does a 180. If your $300k/year is coming from dividends on the huge pile of stock you own, that's a totally different ballgame.