[deleted]

Comments

• taanegl@lemmy.world ⁨9⁩ ⁨months⁩ ago

  Oh wow, it’s like the pension system in the US is broken and now, instead of remedying this issue, the finance sector, who btw gamed politicians to “diversify” the pension money, are now saying that what they did isn’t enough, that it isn’t capable of withstanding recession, rent hikes and that old, infirm people will be relying on family to take care of them.

  SOUNDS LIKE THE LONG CON TO ME.

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  • Patches@sh.itjust.works ⁨9⁩ ⁨months⁩ ago

    Except the family can’t afford to help their infirm parents. Where tf do you think we’re going to come up with the money for that? We are already paycheck to paycheck

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    • Asafum@feddit.nl ⁨8⁩ ⁨months⁩ ago

      And where are they going to live when I can’t even afford to buy my own home let alone one large enough for all of us?

      Oh that’s right, that’s a me problem and we live in a society of “I got mine (and yours) fuck you.”

      :/

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  • PixellatedDave@lemmy.world ⁨8⁩ ⁨months⁩ ago

    I am not in the US but will be in the same boat except no family so for me there will be one way out of the situation.

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    • taanegl@lemmy.world ⁨8⁩ ⁨months⁩ ago

      Same.

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  • ryathal@sh.itjust.works ⁨8⁩ ⁨months⁩ ago

    It’s more nobody wants to actually save money. Pension funds were massively underfunded, people didn’t self fund with ira/401k.

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    • Chapelgentry@lemmynsfw.com ⁨8⁩ ⁨months⁩ ago

      Yeah, I don’t think it’s that. I agree people don’t save, and I’m sure there are a myriad of reasons for that, from bills to bad financial planning, but largely saving for retirement is a lost cause. I’ve put 15% in my retirement account since I was 19 and am projected to be short in retirement because the market average return is so close to inflation that my money won’t appreciate significantly enough to retire. Additionally, if I wanted the returns needed to make money on my retirement account I would need to invest in a disproportionate amount in high risk stocks, which isn’t sustainable.

      I’ve resigned myself to working until I die with my retirement going to fund my childrens’ 401ks.

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• dumpsterlid@lemmy.world ⁨9⁩ ⁨months⁩ ago

  Americans will outlive their billionaire ruling class, warns angry mob of workers.

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• BrikoX@lemmy.zip ⁨9⁩ ⁨months⁩ ago

  That’s literally by design by the same elite CEOs that now are “sounding the alarm” about it.

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• jkrtn@lemmy.ml ⁨9⁩ ⁨months⁩ ago

  BlackRock are the shitheads buying up all the real estate.

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• homesweethomeMrL@lemmy.world ⁨9⁩ ⁨months⁩ ago

  Maybe the red states could get their act together long enough to put the 90% tax on billionaires through? Medicare For All? Whatdya say red states

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  • BumpingFuglies@lemmy.zip ⁨9⁩ ⁨months⁩ ago

    If they did, the blue states would suddenly turn around and call those progressive ideas “far-right propaganda.” There will be no victory for the poor less-than-rich in this country without a major revolution.

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    • Croquette@sh.itjust.works ⁨9⁩ ⁨months⁩ ago

      Get out of here with your whataboutism.

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    • deft@lemmy.wtf ⁨8⁩ ⁨months⁩ ago

      so that’s why they don’t?

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• doggle@lemmy.dbzer0.com ⁨8⁩ ⁨months⁩ ago

  I wonder who’s fault that is fucking BlackRock

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• DogPeePoo@lemm.ee ⁨9⁩ ⁨months⁩ ago

  As if people didn’t have enough reason to loathe Larry Fink.

  He wraps a rope around rope around the propeller, burns up the engine and then sheepishly says, “Oops… looks like you guys are fucked…”

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• umbrella@lemmy.ml ⁨8⁩ ⁨months⁩ ago

  I imagine BlackRock CEO’s fortune will outlive him, too, mamy times over

  I wonder if we can extrapolate the implication here

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• SteefLem@lemmy.world ⁨9⁩ ⁨months⁩ ago

  What retirement money

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• shiveyarbles@beehaw.org ⁨9⁩ ⁨months⁩ ago

  I hope so! Cancer sucks

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• arefx@lemmy.ml ⁨8⁩ ⁨months⁩ ago

  Truly wish this guy the worst in life.

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