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Who knows. I make descent money, but supporting a family of 4 with it so only goes so far. I save to a degree, but it also seems so insurmountable to ever save

Who knows. I make descent money, but supporting a family of 4 with it so only goes so far. I save to a degree, but it also seems so insurmountable to ever save nearly enough and with the way costs of everything are rising even more so. Simply healthcare & food are crazy. Then my kids education before too long. I have almost come to terms with I just need to live now and stop the voices of all the people that put this shit in my head for the last 40 years of "oh just do X and it's easy to retire! then that's when you life can start!". Life was completely different when I grew up- people had jobs with pensions, healthcare was all in, education was cheap. But it's hard to push that shit away in your head. Plus I don't trust financial markets worth a damn. I work in the industry, this entire concept of "investing" that the rich have shoved into the middle class is absolutely disgusting and not the way the world should work. So there's that.

jrs235 4y ago
I hear you. People need to realize that the largest generation is retiring now. That means those who have saved are now withdrawing their funds... It means fewer people producing goods and providing services... It means more money chasing fewer goods and services... We are approaching a decision point and how the wealthy choose to deal with it will have a huge impact on how everyone else deals with not having jobs...
Rury 4y ago
Honestly, for the first 10 years of my career, I stuck to common investment advice, but since then, the stock market seems like a giant pyramid scheme to me. I mean, if this generation is going to have fewer kids, then who am I going to be selling my stocks to when I retire? The only way I can fathom it works out is if inflation is greater than it has been in the past, but then are you really any better off if goods cost more as well?

jrs235 4y ago

I hear you. People need to realize that the largest generation is retiring now. That means those who have saved are now withdrawing their funds... It means fewer people producing goods and providing services... It means more money chasing fewer goods and services... We are approaching a decision point and how the wealthy choose to deal with it will have a huge impact on how everyone else deals with not having jobs...

Rury 4y ago

Honestly, for the first 10 years of my career, I stuck to common investment advice, but since then, the stock market seems like a giant pyramid scheme to me. I mean, if this generation is going to have fewer kids, then who am I going to be selling my stocks to when I retire? The only way I can fathom it works out is if inflation is greater than it has been in the past, but then are you really any better off if goods cost more as well?