The retirement savings crisis: Why more Americans can’t afford to stop working

Comments

• slazer2au@lemmy.world ⁨4⁩ ⁨months⁩ ago

  Because shit is expensive and pay is crap.

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  • zcd@lemmy.ca ⁨4⁩ ⁨months⁩ ago

    But the billionaires have consolidated more wealth, so we have that going for us /s

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    • Tolookah@discuss.tchncs.de ⁨4⁩ ⁨months⁩ ago

      It’ll start trickling down soon, right?

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• Kyrgizion@lemmy.world ⁨4⁩ ⁨months⁩ ago

  You don’t have to be American for this. I can’t afford to save so we live paycheck to paycheck, and pensions here are nothing to write home about. That is, if there will still be any pensions when our generation hits retirement age. I’m not counting on it.

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  • return2ozma@lemmy.world ⁨4⁩ ⁨months⁩ ago

    Which country are you in?

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    • Kyrgizion@lemmy.world ⁨4⁩ ⁨months⁩ ago

      Flanders, Belgium

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• Showroom7561@lemmy.ca ⁨4⁩ ⁨months⁩ ago

  What will the future look like in 10-20 years when people who can’t retire, yet too old to really work, are replaced by AI and young people?

  Are we prepared for millions of new homeless or a surge in suicides in those above 60?

  And why are individuals still being allowed to hoard tens of billions of dollars?

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  • otp@sh.itjust.works ⁨4⁩ ⁨months⁩ ago

    Are we prepared for […] a surge in suicides in those above 60?

    “That would make things so much easier” - evil governments and their supporters

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  • lordnikon@lemmy.world ⁨4⁩ ⁨months⁩ ago

    i like your outlook that we will be alive and still have modern concepts in 10 to 20 years like retirement. Instead of living in caves and choking on Air while trying to not be take in by heat stroke.

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• infinitevalence@discuss.online ⁨4⁩ ⁨months⁩ ago

  I am contributing, but I expect to work till I die, because I am assuming the market has not actually factored in climate change costs and all my investments will turn to nothing once it all crashes.

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• pdxfed@lemmy.world ⁨4⁩ ⁨months⁩ ago

  press.uchicago.edu/ucp/books/…/bo212888995.html

  A book from a well known economist who calls out the deliberate actions that led to this place in the US, and that fixes are still plenty manageable…but they require political action.

  Personally I think we’re past the point of no return. While homelessness becomes a crime in the middle of a housing affordability crisis and while Republicans weaponize being able to afford housing against being able to vote, it will get even harder to change as eligible voters are kicked off rolls for not being able to afford REIT-set rents that go up with the greed of Wall Street.

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