4 ms·
The poor and middle class don't have investments. Source: all my co-workers and girlfriend's relatives that meet me with blank stares when I ask if they are sa
by Mistletoe 3y ago
The poor and middle class don't have investments. Source: all my co-workers and girlfriend's relatives that meet me with blank stares when I ask if they are saving for their retirement or maxing the company match for the 401k.
Not judging that- the reality is somewhere in between they can't afford to do much but stay alive due to inflation and housing costs out of control and that they need to stop getting $7 Dutch Bros. coffee every day, DoorDash every night, and Taylor Swift tickets for $1000.
- maerF0x0 3y agoThis is one thing that terrifies me. I'm sacrificing today to save for tomorrow while the masses are doing the opposite. And in a decade or 3 when I have assets they can out vote me and take it all back via taxes or rules that change the game Some examples are like - I paid off my student debt by not going to coachella or doing optional things (that I observed others doing). They might get it cancelled for free. They got Coachella + Education, I only got Education. Rinse and repeat for all sorts of delayed gratification steps.
- Apocryphon 3y agoYou can still go to Coachella today. Jeff Bezos did, after all.
- nly 3y agoThis is guaranteed to happen. Boomers have been rigging the system as a large voting cohort since coming of age.
- maerF0x0 3y agoBoomers might mostly be dead in 30 yrs, but yeah a concern in 10.