link to original reddit post by /u/mrpenguin_86
Can you imagine being someone who was a prudent, middle-classer in retirement that socked away the $1-$2M generally assumed people need in order to take 4-6% as their retirement income (with some bonds and stable dividend stocks providing income) to live comfortably in retirement?
Life was great a few years ago. Now, bonds are garbage. Social Security is being further ravaged. Housing values are skyrocketing, but that means nothing to you except for higher property taxes. Inflation is hitting your wallet. Trillions are being spent on basically nothing that helps you, but you're paying for it.
I'm in my 30s and already thinking I'll need to be well into the $3-$5M range to have a comfortable retirement when I'm old. Probably worse since SS will be gone.
What a crapshoot this has all been for those of us who don't want to retire by stealing from others.