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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 t

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.
        Draiken 3y ago
        You're interpreting my mention of the US which is incidentally where tech salaries are higher as the focus of my comment. That's not it. You could replace that with whatever country could offer those salaries.
- Draiken 3y ago
  Since you're so adamant I had a quick search and it turns out I'm right. >43.09% of American adults had no retirement savings >23.15% of American adults had no (or negative) retirement savings even including the extended assets https://dqydj.com/average-retirement-savings/ https://dqydj.com/average-retirement-savings/ Of course you can rely on some government assistance but arguing that's a good enough standard is a bit of a stretch.
  - lapcat 3y ago
    > Since you're so adamant I had a quick search and it turns out I'm right. No, you changed the subject. You said: > You're telling me most retired Americans have more than hundreds of thousands of dollars in savings? To which the answer is no, but you don't need a million dollars to retire. Whereas your link is not about retired Americans, it's about UN-retired Americans: "Statistics are for households headed by adults aged 32-61 at the time of the survey". I'm done with this conversation. Your games and lack of good faith interest are becoming very tedious to me.
    - Draiken 3y ago
      Read the article. It's about people that will retire. Unless you're trying to be facetious and say they'll never retire, which I guess will be true for many.
      - lapcat 3y ago
        > Read the article. It's about people that will retire. Yes, and the point that everyone is trying to explain to you, which you refuse to acknowledge, is that in general, software developers in the US are doing fine. They don't need to "grind all the leetcode" and work for a BigCo. It's a choice not a financial mandate. Software developers, even outside of BigCos, are in the upper income brackets in the US. I'm not saying that everyone in the US is doing fine as far as retirement is concerned, but the idea that software developers have to work for BigCos is absurd. I've never worked for a BigCo, and I'm doing fine.
- johnnyanmac 3y ago
  >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 certainly am. I was taught as early as grade school (mid 00's) that Social Security would run out before I retire. I take that strongly to heart.

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.
      - Draiken 3y ago
        You're interpreting my mention of the US which is incidentally where tech salaries are higher as the focus of my comment. That's not it. You could replace that with whatever country could offer those salaries.
Draiken 3y ago
Since you're so adamant I had a quick search and it turns out I'm right. >43.09% of American adults had no retirement savings >23.15% of American adults had no (or negative) retirement savings even including the extended assets https://dqydj.com/average-retirement-savings/ https://dqydj.com/average-retirement-savings/ Of course you can rely on some government assistance but arguing that's a good enough standard is a bit of a stretch.
- lapcat 3y ago
  > Since you're so adamant I had a quick search and it turns out I'm right. No, you changed the subject. You said: > You're telling me most retired Americans have more than hundreds of thousands of dollars in savings? To which the answer is no, but you don't need a million dollars to retire. Whereas your link is not about retired Americans, it's about UN-retired Americans: "Statistics are for households headed by adults aged 32-61 at the time of the survey". I'm done with this conversation. Your games and lack of good faith interest are becoming very tedious to me.
  - Draiken 3y ago
    Read the article. It's about people that will retire. Unless you're trying to be facetious and say they'll never retire, which I guess will be true for many.
    - lapcat 3y ago
      > Read the article. It's about people that will retire. Yes, and the point that everyone is trying to explain to you, which you refuse to acknowledge, is that in general, software developers in the US are doing fine. They don't need to "grind all the leetcode" and work for a BigCo. It's a choice not a financial mandate. Software developers, even outside of BigCos, are in the upper income brackets in the US. I'm not saying that everyone in the US is doing fine as far as retirement is concerned, but the idea that software developers have to work for BigCos is absurd. I've never worked for a BigCo, and I'm doing fine.
johnnyanmac 3y ago
>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 certainly am. I was taught as early as grade school (mid 00's) that Social Security would run out before I retire. I take that strongly to heart.