Can retire
I will never be able to retire, I will just become feral and wander into the woods to die
I feel like there’s probabilities associated with that stuff. Most people’s retirements are tied to stock markets
This was the common “retirement” for peasants living under heavy serfdom. They faced hunger every year so the old people unable to work “went to forest for firewood” or “go to hunt” to die there with some dignity and remove the excess mouth. A lot of time this was forced, and it happened not only to old people but to disabled, women and children, especially in worse years.
A tweet
Kinda surprised owning your own home wasn’t a part of this. For a long time that was the signature marker of “you’ve made it into the middle class.”
A tweet
I wonder what this would have looked like in the 1960’s and 1970’s.
A tweet
Was reading about the three-legged stool the other day re retirement and realized too many people probably do not even know the term or what it refers to. Our politicians have stolen the American dream with zero consequence.
I’m older than most of you but I still didn’t know that term and I had to google. I almost laughed when I learned the definition.
Three-Legged Stool: Meaning, Overview, History
The “three-legged stool” is an old phrase that many financial planners once used to describe the three most common sources of retirement income: Social Security, employee pensions, and personal savings. It was expected that this trio would together provide a solid financial foundation for the senior years. None of the three was expected to support most retirees on its own.
They removed the employee pension part of the leg and replaced it 401k’s which have only been around since the 80’s and there is not a generation of people that have retired on them.
401k’s which have only been around since the 80’s and there is not a generation of people that have retired on them.
damn, somehow I know that after all my 401k-less comrads die in the freemarket famines, of 2050, probably the last rugpull on my generation will be the collapse of 401ks. Then in 2070 there will be YouTube videos explaining why 401ks were an obvious scam from the beginning, but you probably won’t find anyone explaining/claiming that today. It’s just going to happen somehow I know it lol.
