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Not every person was born into the elite or wealthy or corpo classes. My mom still works minimum wage jobs, she never had the ability to save any money. Especia
by azemetre 2y ago
Not every person was born into the elite or wealthy or corpo classes. My mom still works minimum wage jobs, she never had the ability to save any money. Especially when raising a family of 5.
You should feel sympathy toward them because not all monetary gains are felt uniformly. If you look at the savings from median Americans and median wages you’ll notice most Americans are not actually wealthy as the media portrays.
When you have the working poor battling payday lenders, bank fees, credit card debt, increasing healthcare costs, or lack of homeownership for their entire lives why would you expect them to suddenly become rich when they retire?
I mean for myself I didn’t start saving aggressively until I was 32 and I didn’t get my first programming job until I was 25. I was 28 when I met the first person in my life that owned stocks (CTO of my second job).
I already have more money saved for retirement than my parents and siblings combined. I honestly attribute this to complete luck too. I could have easily ended up like them financially.
I suppose I should count myself blessed because my parents raised me to value education, a love for learning, and reading books. I’ll forever be grateful for them because I’m positive I’ll be able to provide a better life for my family because of their sacrifice.
A sacrifice not everyone is even allowed to make.
- linotype 2y agoThere are janitors that are millionaires through hard work and disciplined saving. There are many people that make six figures that are worse than broke. Anecdotes are easy to find.
- azemetre 2y agoYes, that's why it's useful to use real statistics and not rely on comments that attack Americans that had the audacity to be poor: https://www.visualcapitalist.com/americas-average-retirement-savings-by-age/ https://www.visualcapitalist.com/americas-average-retirement...
- linotype 2y agoI’m just tired of the victimhood. How can we blame the system when people had forty YEARS to save and they saved nothing. The US savings rate is abysmal, and we know they _can_ save, because the savings rate spiked during the pandemic even before the checks went out. The majority just choose not to. I get why it’s an emotional issue for some though.
- azemetre 2y agoYou sound completely out of touch. I honestly suggest you go to your local foodbank and talk to the people that use it. You should also go to your local nursing home that takes medicare residents as well. Tell them to their face what you truly believe after hearing their stories.
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