4 ms·
The stock market is not the economy
by lokar 1y ago
The stock market is not the economy
- deleted 1y ago[deleted]
- quantified 1y agoYou are right. It is a lot of your retirement funding, though. There is a lot of debt involved here too. Crash the companies, enough stakeholders get burnt, money gets sucked out of everything else.
- Yeul 1y agoHow many Americans even have money for retirement? It reminds me of 1990s Russia were the smart people didn't get caught up in capitalism casino and just kept tending their vegetable garden like they had done for centuries. To quote Bob Dylan "If you ain't got nothing you got nothing to lose"
- lokar 1y agoAbout half of Americans have zero retirement savings
- bdangubic 1y agothis while factually correct probably requires age distribution. I did not have a penny saved for retirement until I hit mid-to-late-30's. I am 50 now and can retire comfortably today
- lokar 1y agoThe median for ages 45-54 is 115,000, for 55-64 185,000
- quantified 1y agoVirtually no one under the age of 18 has any. So that's a lot of Americans. Should they have any?
- quantified 1y ago> Russia were the smart people didn't get caught up in capitalism casino and just kept tending their vegetable garden like they had done for centuries. Ha. Most people didn't have any money to get into the crony/gangster capitalism. Just peasants with their vegetable gardens. How many American have vegetable gardens?
- ToucanLoucan 1y agoIt is insofar as when it does great we get nothing, and when it doesn't we get fired. And when it does bad enough, tons of retirees lose a shit ton of money for literally no reason.