4 ms·
$200k not including social security though, which won't be nearly as impacted by a crash in equities. I also wonder how much of that $200k is in stocks vs bonds
by thebean11 4y ago
$200k not including social security though, which won't be nearly as impacted by a crash in equities. I also wonder how much of that $200k is in stocks vs bonds / CDs / home equity (not sure if this is counted) etc.
- jmoak3 4y agoGreat observation, however Social Security only has 11 years before the system as we know it today has to cut payments [1]. I too would love to know the breakdown of the 200k. Even with Social Security payments however I still think a sharp fall in home prices or stock prices would be catastrophic for the retiring generation. [1] https://www.washingtonpost.com/business/2021/09/03/social-security-insolvency/ https://www.washingtonpost.com/business/2021/09/03/social-se... [1 skip paywall] https://archive.ph/OaBIv https://archive.ph/OaBIv EDIT: changed social security going from "bankrupt" to "cutting payments"
- thebean11 4y agoThere's a second option where they just raise social security taxes or inject other tax revenue into it. I think that's more likely, cutting payments seems politically unfeasible.