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Great for these people, but will there be such opportunities for their children? I thought I did well for myself, finding myself among the middle class, the en

by guzfip 6mo ago

Great for these people, but will there be such opportunities for their children? I thought I did well for myself, finding myself among the middle class, the end is on the horizon.

rvz 6mo ago
> but will there be such opportunities for their children? Yes there always are. To Downvoters: This statement is obvious. I'll tell you why then: In 2008, most of you remember the 2008 crash Don't you? There were opportunities then. We had the 2020 crash in the Covid era, there were opportunities as well back then. There will obviously be another crash in this AI hype cycle and the moment the crash arrives, there will certainly be more opportunities from that. I'll give you a massive head start: crypto, x402 / tempo, energy, and robotics.
alephnerd 6mo ago
> but will there be such opportunities for their children Yes, assuming they grew up in a household in the 70th percentile or above [0] income bracket and/or are on good terms with your parents and siblings. At the end of the day, the family unit matters because intergenerational wealth has always been important. > I thought I did well for myself, finding myself among the middle class, the end is on the horizon Are you maxing out your Roth 401K (and if possible) your Roth IRA as well while also keeping fixed costs like rent or mortgage at around 40% of post 401K+IRA disbursement? If so, you have a shot of climbing up into the upper middle class. [0] - https://www.cbo.gov/publication/60807 https://www.cbo.gov/publication/60807
PowerElectronix 6mo ago
The social elevator works well enough to expect that one's children will do well if you provide them with the tools they'll need (which are basically a good education and love and support).
- deleted 6mo ago
  [deleted]
- Computer0 6mo ago
  Is that an assertion? I don’t know that is necessarily always true in modern America.
  - flyingcircus3 6mo ago
    It does seem like a lot of people have extrapolated the second half of the 20th century to be the baseline expectation from here on out.
commandlinefan 6mo ago
I'm worried about my kids, but don't forget to worry about yourself, too! I've got just enough saved up for retirement by current retirement calculator standards (if I keep working and contributing until I'm 67), but inflation could easily end up negating all of it long before I can use any of it.

by guzfip 6mo ago

Great for these people, but will there be such opportunities for their children? I thought I did well for myself, finding myself among the middle class, the end is on the horizon.

rvz 6mo ago

> but will there be such opportunities for their children? Yes there always are. To Downvoters: This statement is obvious. I'll tell you why then: In 2008, most of you remember the 2008 crash Don't you? There were opportunities then. We had the 2020 crash in the Covid era, there were opportunities as well back then. There will obviously be another crash in this AI hype cycle and the moment the crash arrives, there will certainly be more opportunities from that. I'll give you a massive head start: crypto, x402 / tempo, energy, and robotics.

alephnerd 6mo ago

> but will there be such opportunities for their children Yes, assuming they grew up in a household in the 70th percentile or above [0] income bracket and/or are on good terms with your parents and siblings. At the end of the day, the family unit matters because intergenerational wealth has always been important. > I thought I did well for myself, finding myself among the middle class, the end is on the horizon Are you maxing out your Roth 401K (and if possible) your Roth IRA as well while also keeping fixed costs like rent or mortgage at around 40% of post 401K+IRA disbursement? If so, you have a shot of climbing up into the upper middle class. [0] - https://www.cbo.gov/publication/60807 https://www.cbo.gov/publication/60807

PowerElectronix 6mo ago

The social elevator works well enough to expect that one's children will do well if you provide them with the tools they'll need (which are basically a good education and love and support).

deleted 6mo ago
[deleted]
Computer0 6mo ago
Is that an assertion? I don’t know that is necessarily always true in modern America.
- flyingcircus3 6mo ago
  It does seem like a lot of people have extrapolated the second half of the 20th century to be the baseline expectation from here on out.

commandlinefan 6mo ago

I'm worried about my kids, but don't forget to worry about yourself, too! I've got just enough saved up for retirement by current retirement calculator standards (if I keep working and contributing until I'm 67), but inflation could easily end up negating all of it long before I can use any of it.