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HN really lives in a some sort of wealthy bubble. $90k is plenty of money to save for retirement in most of the country. If it's not, then the majority of peopl

HN really lives in a some sort of wealthy bubble. $90k is plenty of money to save for retirement in most of the country. If it's not, then the majority of people in the US will never be able to retire.

pseudo0 5y ago
Yeah, for reference the median household income in the US is under $70k. Of course cost of living depends a lot on the locality, but 90k as a single person goes pretty far anywhere other than the Bay Area, NYC, or a few other expensive hubs.
pietrovismara 5y ago
OP doesn't realize that 87% of the US population (being one of the richest in the world) makes less than $90k. That means that by his view 9 persons out of 10 won't be able to retire. Which I actually believe is true. The irony of admitting this while at the same time praising this system with statements like >Part (by no means all) of the growth one sees abroad is due to acceptance and often positive attitudes about work, with less emphasis on "fairness". What kind of growth are we seeing? Why should we have a positive attitude about work, when it's just a mean of transfering wealth upwards?
- mech987 5y ago
  Why is work just a means of transferring wealth upwards?
  - pietrovismara 5y ago
    That's what it has become in an economic system that failed at its only task, ensuring proper distribution of resources. Most jobs serve only the purpose of making a restricted group of people richer, while stealing the workers' time on earth and often worsening society. Edit: if you think that's not true, you live in a bubble. Try some of the jobs the majority of the population has to put up with, then we can talk again.
mbg721 5y ago
It's not enough to save for retirement in the US, and that "majority will never be able to retire" is a reality in any of the 50 states. We just haven't had it hit the fan yet. Edit: I read that as $90k total, to be dispensed over the remaining years. I agree that $90k per year indeed ought to be plenty.
- bigyellow 5y ago
  Real inflation is like 20% in the US; none of us are retiring any time soon.

pseudo0 5y ago

Yeah, for reference the median household income in the US is under $70k. Of course cost of living depends a lot on the locality, but 90k as a single person goes pretty far anywhere other than the Bay Area, NYC, or a few other expensive hubs.

pietrovismara 5y ago

OP doesn't realize that 87% of the US population (being one of the richest in the world) makes less than $90k. That means that by his view 9 persons out of 10 won't be able to retire. Which I actually believe is true. The irony of admitting this while at the same time praising this system with statements like >Part (by no means all) of the growth one sees abroad is due to acceptance and often positive attitudes about work, with less emphasis on "fairness". What kind of growth are we seeing? Why should we have a positive attitude about work, when it's just a mean of transfering wealth upwards?

mech987 5y ago
Why is work just a means of transferring wealth upwards?
- pietrovismara 5y ago
  That's what it has become in an economic system that failed at its only task, ensuring proper distribution of resources. Most jobs serve only the purpose of making a restricted group of people richer, while stealing the workers' time on earth and often worsening society. Edit: if you think that's not true, you live in a bubble. Try some of the jobs the majority of the population has to put up with, then we can talk again.

mbg721 5y ago

It's not enough to save for retirement in the US, and that "majority will never be able to retire" is a reality in any of the 50 states. We just haven't had it hit the fan yet. Edit: I read that as $90k total, to be dispensed over the remaining years. I agree that $90k per year indeed ought to be plenty.

bigyellow 5y ago
Real inflation is like 20% in the US; none of us are retiring any time soon.