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Started By
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re: 1 in 3 Americans have less than $5,000 saved for retirement
Posted on 8/27/18 at 12:31 pm to Darth_Vader
Posted on 8/27/18 at 12:31 pm to Darth_Vader
I would survey from like 24ish and up. 18 is still high school.
I had more than $5k in my IRA by 20 though.
I had more than $5k in my IRA by 20 though.
0
Posted on 8/27/18 at 12:32 pm to Darth_Vader
there is no mandatory retirement age for paid protesters
and that study is wrong because i guaranty you the 47% living off the gubment spend every penny they get each month because that is how the system is set up.
if you save "anything" and put money in the bank, your benefits get cut so if you have money in the bank your monthly dole gets reduced.
they are basically blackmailing people into staying poor so they never have any incentive to save any money when you get penalized for doing it
and that study is wrong because i guaranty you the 47% living off the gubment spend every penny they get each month because that is how the system is set up.
if you save "anything" and put money in the bank, your benefits get cut so if you have money in the bank your monthly dole gets reduced.
they are basically blackmailing people into staying poor so they never have any incentive to save any money when you get penalized for doing it
Posted on 8/27/18 at 12:33 pm to Darth_Vader
Hopefully I’m dead by then
Posted on 8/27/18 at 12:33 pm to Tempratt
quote:
Just learn to do without.
What a great statement for modern day America. Especially the American left.
Posted on 8/27/18 at 12:34 pm to RogerTheShrubber
quote:
It will happen
It won't.
Posted on 8/27/18 at 12:35 pm to AUCE05
I’m wondering how they are going to screw over those who did the Roth’s. That is where we are going to get screwed.
Posted on 8/27/18 at 12:36 pm to Paul Allen
quote:
Factor in tuition, healthcare costs and other factors, and you have hardworking people making over 100k that are barely scraping by.
, no. Outside of a handful of cities, this is hogwash. 
Posted on 8/27/18 at 12:37 pm to jscrims
Take a look at the state of AL. Kay Ivey sweet talked everyone into investing into a college fund, and when the market crashed, she just said "frickkkkk, my bad. I will run for governer now."
This post was edited on 8/27/18 at 12:38 pm
Posted on 8/27/18 at 12:37 pm to jamboybarry
quote:
This, although once the voting block of that 1/3rd becomes loud enough politicians will raid 401K's and other retirement accounts to subsidize these folks
Few things would drive me to violence....but that's one of them.
Posted on 8/27/18 at 12:37 pm to Darth_Vader
They all are going to be youtube sensations.
You can't get the newest iphone if you have money in the bank.
You can't get the newest iphone if you have money in the bank.
This post was edited on 8/27/18 at 12:38 pm
Posted on 8/27/18 at 12:38 pm to LuckyTiger
quote:
I know people that live month to month. They have houses, cars, plenty of dining, vacations, etc They just spend all they make.
I worked at a smalltown bank in the 1970s, at that time the average person used the bank for all of their financial needs, mortgages, car loans, savings and investments. Most people that looked like they were living well had a ton of debt, no net worth, and were only concerned with if they could make their monthly payments. Seems like things shave not changed at all.
Posted on 8/27/18 at 12:38 pm to AUCE05
quote:
So true. But it will be some sort of "tax" on 401k's at 45%
, people have been saying this for years and it hasn't even come close to happening. It won't happen for a litany of reasons.
Posted on 8/27/18 at 12:38 pm to slackster
quote:
It won't.
We already have a democrat senator who is a leading voice in politics and could be her party’s nominee for president saying to business owners “You didn’t earn that!”
Posted on 8/27/18 at 12:38 pm to Paul Allen
And wages have been fairly stagnant while everything else has increased, bc America has lost a lot of jobs over that time. America was the richest country in the world by a lot, its narrowed over 30 years though, and it shows in the lack of wage growth. Costs have increased at the same time, so it’s not as cheap to live as it was then. We are falling back to the rest of the world, where the middle class and the poor have it a lot more difficult
Posted on 8/27/18 at 12:39 pm to Darth_Vader
Doesnt surprise me. Ive seen first hand how one disaster (Flood/Hurricane/Fire/etc) can wipe out savings/retirement funds. Or put a major dent in it. Harvey wiped out all my savings and a little of my 401k.
Posted on 8/27/18 at 12:39 pm to Thib-a-doe Tiger
quote:
Because people are stupid
But but...my wife has a Range Rover lease and the bank said it was fine to loan us $450,000 on a 30 yr mortgage when we only put 2% downwind we have combine income of $80k.
Surely the nice man at the bank would not loan us that much if it wasn’t a good idea, right ? right?
This post was edited on 8/27/18 at 12:45 pm
Posted on 8/27/18 at 12:39 pm to slackster
Because the bulk of boomers haven't retired yet. But there is a huge deficit looming.
Posted on 8/27/18 at 12:40 pm to kywildcatfanone
quote:
They all are going to be youtube sensations.
You can't get the newest iphone if you have money in the bank.
Is that why Boomer are so unprepared?
quote:
•One in three Baby Boomers (33%), the generation closest to retirement age, only have between $0-$25,000 in retirement savings
Posted on 8/27/18 at 12:40 pm to Darth_Vader
Priorities are fricked.
Posted on 8/27/18 at 12:40 pm to slackster
quote:
people have been saying this for years and it hasn't even come close to happening. It won't happen for a litany of reasons.
Democrat party today is not the democrat party of 20 years ago.
It is highly progressive and becoming more so with each passing year.
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