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You're telling me most retired Americans have more than hundreds of thousands of dollars in savings? I'm not gonna dive into stats for that since I'm not an Am

You're telling me most retired Americans have more than hundreds of thousands of dollars in savings? I'm not gonna dive into stats for that since I'm not an American, but I would be thoroughly surprised.

lapcat 3y ago
> You're telling me most retired Americans have more than hundreds of thousands of dollars in savings? How much do you think you need? I think the recommendation is something like 10x your current annual income. > I'm not gonna dive into stats for that since I'm not an American How is your nationality relevant to reading stats? If you don't want to, then just say that.
- Draiken 3y ago
  10x? Financial independence is normally at least 20x, more like 30x. > How is your nationality relevant to reading stats? If you don't want to, then just say that. Sorry maybe I wasn't clear, but that's exactly what I meant. I won't dig into stats for the US because it's of no interest to me. That's why I mentioned I'm not from the US. I know that for my country that's absolutely not the case and I'm pretty sure it's the same for most of the world.
  - lapcat 3y ago
    > 10x? Financial independence is normally at least 20x, more like 30x. You appear to be overlooking Social Security, which is a crucial source of income that all US workers pay into their entire careers. It's not just savings. > I won't dig into stats for the US because it's of no interest to me. Yet it's interesting enough to you to make baseless empirical claims about the US. > I know that for my country that's absolutely not the case and I'm pretty sure it's the same for most of the world. That's not the way the world works.
    - Draiken 3y ago
      You seemingly care about this but also can't be bothered to bring any empirical evidence for any of your claims. Goes both ways. The US is not that different from everywhere else... we all live in the same capitalist hellhole last time I checked.
      - lapcat 3y ago
        > You seemingly care about this but also can't be bothered to bring any empirical evidence for any of your claims. Goes both ways. Which claims? That Social Security exists? https://en.wikipedia.org/wiki/Social_Security_(United_States) https://en.wikipedia.org/wiki/Social_Security_(United_States... That Medicare exists? https://en.wikipedia.org/wiki/Medicare_(United_States) https://en.wikipedia.org/wiki/Medicare_(United_States) That 10x savings is the recommendation? https://www.fidelity.com/viewpoints/retirement/how-much-do-i-need-to-retire https://www.fidelity.com/viewpoints/retirement/how-much-do-i... > The US is not that different from everywhere else Says you, but you apparently aspire to live and work here, so it's different enough. > we all live in the same capitalist hellhole last time I checked. Have you checked North Korea?
        Draiken 3y ago
        >Says you, but you apparently aspire to live and work here, so it's different enough. Never said that. It's just where tech salaries are bigger. >Have you checked North Korea? What does this have to do with anything? Unless you're writing from North Korea, this is childish. Apparently I hit a nerve and that was not my intention. My point was never specifically about the US but you keep insisting on it and have a bone to grind. That doesn't add to the conversation though.
        lapcat 3y ago
        > My point was never specifically about the US but you keep insisting on it and have a bone to grind. You said: "I don't live in the US, but if I did I would grind all the leetcode (as insulting as I find them) for one single reason: I don't want to work forever." https://news.ycombinator.com/item?id=37809983 https://news.ycombinator.com/item?id=37809983 My first reply to you was to that comment: https://news.ycombinator.com/item?id=37810176 https://news.ycombinator.com/item?id=37810176 The HN thread history doesn't lie. Your point that I replied to was specifically about the US.

lapcat 3y ago

> You're telling me most retired Americans have more than hundreds of thousands of dollars in savings? How much do you think you need? I think the recommendation is something like 10x your current annual income. > I'm not gonna dive into stats for that since I'm not an American How is your nationality relevant to reading stats? If you don't want to, then just say that.

Draiken 3y ago
10x? Financial independence is normally at least 20x, more like 30x. > How is your nationality relevant to reading stats? If you don't want to, then just say that. Sorry maybe I wasn't clear, but that's exactly what I meant. I won't dig into stats for the US because it's of no interest to me. That's why I mentioned I'm not from the US. I know that for my country that's absolutely not the case and I'm pretty sure it's the same for most of the world.
- lapcat 3y ago
  > 10x? Financial independence is normally at least 20x, more like 30x. You appear to be overlooking Social Security, which is a crucial source of income that all US workers pay into their entire careers. It's not just savings. > I won't dig into stats for the US because it's of no interest to me. Yet it's interesting enough to you to make baseless empirical claims about the US. > I know that for my country that's absolutely not the case and I'm pretty sure it's the same for most of the world. That's not the way the world works.
  - Draiken 3y ago
    You seemingly care about this but also can't be bothered to bring any empirical evidence for any of your claims. Goes both ways. The US is not that different from everywhere else... we all live in the same capitalist hellhole last time I checked.
    - lapcat 3y ago
      > You seemingly care about this but also can't be bothered to bring any empirical evidence for any of your claims. Goes both ways. Which claims? That Social Security exists? https://en.wikipedia.org/wiki/Social_Security_(United_States) https://en.wikipedia.org/wiki/Social_Security_(United_States... That Medicare exists? https://en.wikipedia.org/wiki/Medicare_(United_States) https://en.wikipedia.org/wiki/Medicare_(United_States) That 10x savings is the recommendation? https://www.fidelity.com/viewpoints/retirement/how-much-do-i-need-to-retire https://www.fidelity.com/viewpoints/retirement/how-much-do-i... > The US is not that different from everywhere else Says you, but you apparently aspire to live and work here, so it's different enough. > we all live in the same capitalist hellhole last time I checked. Have you checked North Korea?
      - Draiken 3y ago
        >Says you, but you apparently aspire to live and work here, so it's different enough. Never said that. It's just where tech salaries are bigger. >Have you checked North Korea? What does this have to do with anything? Unless you're writing from North Korea, this is childish. Apparently I hit a nerve and that was not my intention. My point was never specifically about the US but you keep insisting on it and have a bone to grind. That doesn't add to the conversation though.
        lapcat 3y ago
        > My point was never specifically about the US but you keep insisting on it and have a bone to grind. You said: "I don't live in the US, but if I did I would grind all the leetcode (as insulting as I find them) for one single reason: I don't want to work forever." https://news.ycombinator.com/item?id=37809983 https://news.ycombinator.com/item?id=37809983 My first reply to you was to that comment: https://news.ycombinator.com/item?id=37810176 https://news.ycombinator.com/item?id=37810176 The HN thread history doesn't lie. Your point that I replied to was specifically about the US.