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> “We have 92 million people between 22 and 42, and they’re all going to spend their money on necessities the next 10 years, whether the stock markets are good
by qualudeheart 4y ago
> “We have 92 million people between 22 and 42, and they’re all going to spend their money on necessities the next 10 years, whether the stock markets are good or bad,” Smead said in an interview Tuesday with CNBC.
The most important sentence in that article. If everyone lives paycheck to paycheck, we`re on the road to serfdom.
“Early retirement extreme” is a good book as it teaches us to avoid such a fate.
- downrightmike 4y agoThey had what we would call a gig economy in the 1920's and people would undercut each other for jobs. And we all know how the 20's ended and since we've repealed a lot of the protection laws that were put into place afterward, it may be reasonable to expect a pop.
- qualudeheart 4y agoA real somethingburger.
- downrightmike 4y agoMore like we've repositioned everything back to fragile.
- exfatloss 4y agoBut lentils!
- type0 4y agoYou will eat bugs, you will own nothing and be happy
- qualudeheart 4y agoLentils will soon be all the poor will be able to afford to eat. Soup kitchens will be known as lentil lounges.
- hindsightbias 4y agoTheir parents and grandparents are sitting on $70T. Patience, weedhopper.
- qualudeheart 4y agoI’m the oppose of patient. Me and my girlfriend are well on the way to financial freedom. We intend to philanthropically donate to AI safety research and elephant uplift.
- TheLoafOfBread 4y agoWill get snatched by Blackrock.