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A million dollars? Over 50% of Americans have less than $25k in retirement funds. Even 40% of ages 55+ have less than $25k... Obviously no one literally lost th
by jfornear 18y ago
A million dollars? Over 50% of Americans have less than $25k in retirement funds. Even 40% of ages 55+ have less than $25k... Obviously no one literally lost their retirement (as long as there's a penny in there, right?), but all I was trying to say was that we should be sensitive about these things.
As young people with nothing to lose, we shouldn't be surprised to offend someone with optimism in this environment.
- patio11 18y agoEven 40% of ages 55+ have less than $25k... I know. These folks have no more lost their retirement due to the financial downturn than I have lost an aircraft carrier full of Swedish supermodels and propelled by unicorns. An inspection of my back pocket will not reveal that aircraft carrier, but that doesn't mean I lost it. Clearly if you've got $25k in your retirement account close to retirement, whether it declines to $15k or explodes to $100k is immaterial to your prospects of retiring: you're going to be almost wholly dependent on other sources of income either way. (Social security, pensions, income from working, familial support, etc.)
- jfornear 18y ago> These folks have no more lost their retirement due to the financial downturn than I have lost an aircraft carrier full of Swedish supermodels and propelled by unicorns. I LOL'ed. I think you are just taking what I said too literally. I get what you mean, though.
- eru 18y agoLiving the rest of your live on $100k can be done easily. But you have to move into a cheap country.