Retirement Crisis Will Trigger Social Insanity In America As People Can’t Take Care Of Themselves
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- Опубликовано: 1 июн 2024
- The U.S., which once stood as a beacon of prosperity, is now trailing behind in the retirement race. What was once seen as an epitome of the golden age has now slipped out of reach for many Americans. Just imagine you've worked hard your entire life, and now you are looking forward to those golden years of relaxation and well-deserved peace after your retirement. But you know what? That dream has been cut short for many Americans. According to a recent report by Sen. Bernie Sanders, chair of the Senate Health, Education, Labor, and Pensions Committee, the future looks bleak for a significant portion of older Americans. The report highlights a startling statistic from the National Retirement Risk Index - it found that nearly half of households won't be able to maintain their standard of living after retirement. And it gets worse with this one - A staggering 56% of low-income households and 45% of middle-income households are at risk of falling short of their preretirement standards by the time they hit 65.
The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for.it's especially difficult for people who are retired.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $250k since then.
I’m in dire need of guidance so i can salvage my portfolio due to the massive dips and come up with better strategies. How can I reach this advisor?
Impressive can you share more info?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’COLLEEN ROSE MCCAFFERY” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.
Just try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her
As George Carlin once said. "The American Dream is when you sleep."
It's called the American Dream because you have to be asleep to believe it
And he was a multimillionaire.
The only way to achieve the so called American dream is to leave the country.
Go South old man Venezuela trail
Agreed
That’s what we did. We retired from Sonoma County, California to Belize, Central America right on the Caribbean six years ago and we’re very grateful that we did our research for a decade and chose a peaceful, affordable place to live a safe, simple life. Please stay safe and healthy..🌞🌴🌺🐬⛵️
@@danielsummers1417why go there, look what Americans have done to them
Buh bye
The government needs to give the money back to social security that they supposedly borrowed
They put their hand in the cookie 🍪 jar to pay for the Vietnam War in the 1960’s, then the Gulf war in the 1990’s, and Iraq and Afghanistan war, and add in the politicians have taken the money for their own gain
Money they borrowed with no intention of ever paying it back! 🤨
Highly doubt that will happen really is more either looking into some ridiculous project, lavish meals and other many incidents that really go far and useless.
That money is gone. The government will never pay it back. Our government never pays money back anymore. Just look at the federal deficit. They just keep borrowing
It went to Ukraine so they could buy crypto.
Retirement will never get renewed because we as a nation can’t afford it. Congress keeps spending like crazy with no fiscal restraint.
That sounds right or he or she there is playing with it like either Scrooge McDuck from DuckTales or like Germany back in 1923 with the inflation and there's a picture in it with kids playing with money like building blocks anyway really look that up or as they say Google it.
The blame lies totally at the feet of the Government!!! They are not of sound mind!!! Americans need to take control of their Government which is composed of 95% Democrats! What could go wrong!!!!?
I work in a big-box grocery store. Every month seniors come in to shop on social security days. They have a tendencies to get groceries to last them for a month seniors also tend to get similar things every month. Seniors get to the registers and they have “sticker shock” and put back necessities in order to pay. Every signal cashier has pulled out their debit card or cash to help them pay because we can’t stand seeing 90 year olds put an apple, loaf of bread or milk back. This is wrong! Usually they are $30 to $40 dollars short and they have to pay taxi fair back home.
I’ve gotten in line behind a few of these seniors. And I too have snuck over to the cashier $10 or $20 so they don’t have to put anything back. My 90 year old dad lives with us. He likes to buy his own breakfast items so we go to the store together. One time a young man behind him in line paid his bill. It was about $10. My dad was so pleasantly surprised.
Yep. Lots of good folks out there. But sad that the elderly don’t have much. And our country sends billions of our tax dollars over seas 😡
@@cjhoward409 But sad that the elderly don’t have much I have no idea where you live but take my word for something, the elderly where I live are far from poor. I don't call having a new Cadillac parked next to a new pickup truck and a small gymnasium in their home, not having much. Many more in that position around me. Me personally, I'm not rich like a lot of my neighbors but paid cash for my house in 2001 and am comfortably retired. I'm sure there are some elderly that do not have much but not all of us.
The Americans have been looking the other way for decades
I voted with my feet and left the USA for good. Best decision of my life!
I hate to say it ,but the nation has gone insane ! 😡😡😡
World
the two people I would never trust to redo my retirement are Larry Fink and Bernie Sanders.
With a name like "fink" why would you not trust him? LOL
@@MartiBaker-zs3xf 🙄😳😚🚬
Because he's on the brink of disaster..@@MartiBaker-zs3xf
As a Vermonter I agree
It’s bs with all the money they take out of my paycheck for social security I could invest that money and make 20X more than what they will give me when I retire. It’s a scam
Ben Shapiro had a good talk about that. You are exactly correct !
😂Yeah, and lose it all and have nothing for retirement. Oopsie.
@@nancysmith2389 can’t lose when the government keeps spending
I don't know if they still do that, but in the past, in England, you could opt to invest your money privately instead of paying into the national pension scheme. Of course, you assume all the risk without the government safety net, but here in the US, there isn't a real safety net. We are only ever one election from the possibility of a Congress and President eliminating it all entirely. Our retirement scheme was only codified into law under the Roosevelt administration and not a Constitutional guarantee. Which sucks, because eventually some rich assholes who get their cushy retirements no matter what can just take our's away. I would rather divert my social security money into a private account and take my chances.
@@user-TheEngineer
Just to clarify the position in the UK...
So we used to have a scheme called the 2nd State Pension.
It has had various names over the decades, the Graduated Pension, State Earnings Related Pension Scheme (SERPS), and SP2.
This was the "opt-out" scheme you referred to.
The benefits far outweighed the costs, but the then Tory government essentially lied, claiming people would be better off contracting out.
Most of the schemes handling these funds either collapsed completely or charged so much in fees that the contributions were swallowed up.
The SP2 was scrapped completely and a single unified pension payment (worth £221per week currently) was introduced.
A "top-up" scheme known as Pension Credit was introduced to alleviate poverty amongst Seniors who have no private provision and assistance with rent (where applicable) is available, as is assistance for the payment of local taxes, known as "Council Tax".
Hope this helps.
I retired at 53. Went back to work because the cost of living, insurance, food, gas has all gone up. Way up. Exceeding my budget. As the wife and I are strategizing our grocery store trip I look up at the tv and there’s Congress waving Ukrainian flags and celebrating sending billions more of our tax dollars to Ukraine. Aren’t we 34 trillion dollars in debt? Keep pushing the people around, an uprising is coming.
Do t hold your breath humans make great pets as history confirms this...
I am in my early 60s and retired at 53. Lots of people gave me pushback because they had difficulty grasping the concept of not working if you don’t have to. I looked at my life as stages. I earned everything I have now through a lot of hard work, but I owe it to myself to “stop and smell the roses” in my final stage of life. In my case I left the country after I retired and live in Latin America. It allowed me to get away from all the negative things happening in America while appreciating my new environment. I have yet to meet anyone who regrets retirement.
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.
This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than a million dollars by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
It’s very very hard being a senior living on Disability 😢
Arizona Governor is horrible NOTHING for seniors …if you have kids or you are illegal you get all kinds of help
Churches may help.
Yeah I hear ya, but you’re not going to get any help, the government has ruined it for seniors. Some countries in Africa work until they drop. Social security when FDR started the program people were only living to 60-65, but today people are living longer due to medical advances. We must make changes now to help our seniors, but I doubt it will happen on the federal level as Congress can’t agree on anything and ideas are gridlocked. Arizona is one of those states that they take care of themselves and if your on the side of the road asking for help, they will drive by. You probably should think about moving to California for the benefits. I’m telling you Arizona is only interested in helping small businesses and large corporations but when it comes to helping someone forget it. Not only that in Arizona they are gun happy, and the cops 👮♀️ out there probably will lock 🔒 you up if you look at them funny.
Why don’t you have other income? Disability is not supposed to be lived on
Inflation is killing retirement
Don't hope on your retirement. You are on your own now!
Partially thanks to Mr. Bernie Sanders
Eat home too expensive to eat out.
Biden is killing retirement* fixed for you.
That's what happens when you're Biden lover
Yeah ive been working and paying in for 48 years and now that I'm ready to retire, I'm going to get fucked!!!
Sorry
As a Gen-Xr, we never deluded ourselves , We always expected to get fucked!!!!
You can thank all the generations before you for your retirement nightmare
@@gregorylyon1004 Yep that made since. Please explain I need a good laugh
Fink is in finance he doesn’t want you taking your retirement savings out of his fund because it’s less in for his bottom line. And he’s sitting on his ass all day, put his ass out cutting asparagus for a season and tell him he got to do until he’s 70.
We sent billions, even trillions for allies overseas and wars. Giving banks and large corporations money. While telling the everyday citizen to skip breakfast.
Dont forget they told us to eat cereal for dinner
@katielady1626 that's right
How about decreasing spending on wars? Put that money, constructively, into the American working class?
What a great idea...imagine the good that can be done
Thje kosher eaters are the problem
Lmao, that American working class won’t be alive if we don’t stand with Ukraine
@@Ravi-rl8tt I heard that when I deployed into Iraq and Afghanistan. We can’t save Ukraine. I’m retired, so I’m no longer part of the working class. But I feel for them.
"WE" don't run the country my friend, the corporations do.
wake up. take the red pill. 😄
60 Billion to Ukraine could have been reduced by 10 Billion to help the social security benefits. Did Bernie try to do anything on the failed federal spending?
No he hasn't ,done nothing and will continue to do nothing
And before that Afghanistan and before that Iraq, it never ends. The military industrial complex must come first.
Just what they've spent in the middle east wars would have fixed ss over the years!
Bernie still getting holocaust checks. He is the biggest “ pro worker “ liar out there!
A billion year yo our social ism military could go to amrticans
Many oder people simply physically cant go back to work. Im 62 and work part time and hunsband full timr ar 65. We cant afford the medicare part B and a supplemental. All that will wipe out my social security check. I work with 2 74 year old women who have to work since Biden took office. I need to quit my Dad ia 95 and needs me even more. All this is just pitiful
Wow, you must have a very low social security check for Medicare to wipe it out.
Did you not see, trump say he’s gonna cut SSI
I spent my working years as an oilfield construction worker. My normal working schedule was 10 hour days, 6 day weeks with a 2 week vacation every 4 months. Living conditions were bachelor work camps in remote areas
of either jungles or a desert. The perks included double the tax-free pay of working outside the USA. The oil company paid for everything food, lodging, transportation, not to mention no place to spend your money while working that could save 80% of your annual salary if not married and still have one heck of a good time 6 weeks a year in the country of your choice. I worked this way for over 35 years, resulting in one heck of a savings account.
In 2008 Obama was elected president and being a world wise thinker knew America was headed down a very bad path. I moved to Thail and, taking my wealth with me. After all, I had not made it in America.
Now, today I see I was correct. If America goes into a depression as I think will happen, it will have very little effect on my life style. If the U.S. dollar collapses that to will be of little effect since I don't use dollars any more. I am now married to a Thai medical professional that makes more than enough money to maintain our lifestyle that would be considered upper middle class in America. We own a home in a gated community. We drive new and paid for cars our 17 year old son will be graduating from one of the best private schools in Thailand and his college expenses any where in the world (except the U.S.A) are already paid for.
So every morning as I have my coffee in my patio I like to go to RUclips and pat myself on the back and think, I WAS RIGHT.
Just remember something. You made your money from American companies. Your results wouldn't have been so good had you worked in Thailand
@gregorylyon1004 Greg, I worked as a contractor for mostly American companies (there were German, Singapore, Thai, and a Swedish company also. However, as a contractor, I was paid by a foreign manpower supplier in the country the project was in. In other words, while in Nigeria, I was paid by a Nigerian company that not only provided my services to a company but also other nationalities were also provided. The only American benefit for me was I was paid more based on the pay scale of America's that were higher than my British colleagues.
Thank God for Obama he cleaned up the mess George Bush Jr. Left our country in
@Scooch-cu6vo Yea, Obama's 8 years of complaining about what Bush left, really cleared up that mess. I was really impressed that he got the Nobel Peace prize for continuing what Bush started too. That's when America learned that if you ever had a different opinion than a black man, you were a racist.
Does your son look Thai? I hear from many American guys about going to Thailand and finding local woman. However they always emphasise not having kids as they would be embarrassed if kid does look like them. They think that they would be able to love him/her. Retirement with local Thai woman , usually much younger, looks like an option for them, but I wonder if $1200/ month would cut for lavish lifestyle in Thai and local 20+ would be lining up for nursing position.
We squeezed every drop we could get from you and like an old retired horse we can still make glue. 😄
Animal Farm.
Your time is coming
People making over 168k should have always beeen paying in to ss! The corporate & political greed is outrageous in this country!
Both party’s let the wealthy out of paying taxes, it’s how America is set up
They shouldn't have let them get off the gold standard.
The Gold Standard must be restored to make money worth something again.
With that , who would hold all the money ?
Americans wouldn’t accept higher taxes to pay for the Vietnam War debt. Nixon didn’t really have a choice.
That’s true
So what happens when you don't have any gold to pay your bills? The Bible shows us how bad life was for most people back when they used gold and silver for money.
No,,, paying for thirty million migrants who haven't put into the system, plus graft 😊
55 was the ideal age. But then the politicians started dipping into it. And we wandered away from the gold standard.
Oh fucking bullshit. People need to quit expecting to be able to retire if they don’t have family values or at the very least have financial literacy. If you didn’t start investing in your 401k till the age of 40 and aborted all your babies who would’ve taken care of you in your old age, you don’t deserve to retire. The life expectancy’s increasing anyways.
How can you retire when heath care insurance takes all your SS check.
Old people (ages 55+) qualify for MediCare. Part C comes with a debit card.
We are collapsing in the third world country.
Absolutely true statement 🤝
America is a third world country already. A nation that can't take care of the elderly, women and kids IS A THIRD WORLD COUNTRY
So it would seem. What happened to the USA
We retired from Sonoma County, California to Belize, Central America right on the Caribbean six years ago and we’re very grateful that we did our research for a decade and chose a peaceful, affordable place to live a safe, simple life. We were able to accomplish this with our working class jobs. We’re definitely not wealthy people. Please stay safe and healthy..
🌞🌴🌺🐬⛵️
Please never depend on the corrupt government
When the French citizens overwhelmed
the "elite" and began using the Guillotine,
many of the Upper Crust CHANGED their
behavior. The rest is history.
It's not surprising how a few heads dropping in a basket can change some people's behavior
The incompetence and corruption that runs through this administration are getting more ridiculous. I feel for people with disabilities not getting the help they deserve. Thank you Mylah Evander, imagine investing $1.5k and receiving $5k in 4 days.
That's true,,, this inflation has taught people the importance of multiple income.
I had no luck in digital assets, I actually invest myself but profits aren't as expected,,,
I'm also one of the beneficiaries of Mylah Evander. Relying upon this administration is nothing but a total waste of time. So happy I gave it a trial after being skeptical of the process.
Mylah was interviewed on CNBC Television. You can use something else, for me the strategy works hence my result. She provides entry and exit points for the securities I focus on.
Could you be kind enough to share her info???
There are so many people over 60 that live in their cars. All this tax money is going to the wrong people and places.
MOVE TO MEXICO>
They should be looking to their families.
I know a lot of families that have "granny flats" for their senior citizen relatives . The olds take care of the grandkids, help with household chores and repairs. Everyone wins. ❤
Golden years are gone they will be just a memory
They lied to us about the golden years…lol
The government has lied to us about everything the American dream is no longer a dream people are waking up realizing it's a nightmare that is yet waiting to happen
Retirement is an insane idea.
No other animal reaches a certain age and just ops-out of being productive.
If we would get back to multi-generational families, housing, etc... for the elderly wouldn't be an issue. They can still contribute by taking care of grandkids and taking care of things around the house. Old women can still cook and old men can still make repairs.
You assume everyone has kids.
I AM 62 yrs OLD & A RETIRED TRUCK DRIVER OF 30YRS & I AM HOMELESS WITH THE RETIREMENT THAT I GET. I DID EARLY RETIREMENT BECAUSE THE TRUCKING INDUSTRY IS GARBAGE & GETTING WORSE & I WANTED TO RETIRE WHILE THERE IS A SUCH THING.
Glad you retired. No use playing a game you can't win. Truckers always "find their way."
IT'S NOT THAT I COULDN'T WIN BECAUSE I AM MORE THAN A CONQUEROR THRU CHRIST JESUS THE PROBLEM WAS THAT I PLAYED THE GAME FOR THIRTY YEARS & LIFE IS PRECIOUS & I FOUND OUT THAT LIFE IS NOT A GAME IT'S A JOURNEY.
I'm 67, and I earn $64,000 (working full time) while also collecting $2,150 monthly Social Security, and after all of my monthly expenses are paid I have about $3,800 extra every
month. I have NO debt, but I only have $210,000 in savings (collecting 5% interest), so I'll work another 4 or 5 years before I decide if I want to "retire". I like to work, so I'm not
"suffering" and/or longing to stop working.
You did well, unfortunately some people's health just won't hold up. 30 years in construction will make sure of that.
@@silkscreenart5515 I considered this when I was working in construction trades, so I went to school and studied IT, project management and other "non-physical" career
paths, so I wouldn't have age related issues with jobs. I now do AutoCAD drawings, schematics, etc., estimating and IT work, which is easy as you age (and pays well).
I never planned on living off social security so I never worked a lot, jokes on them.😂
But those getting government payments were being killed in hospitals with vents and remdesiver by hospital protocol with the poor????something about bk....? no joke
Restoring the gold standard isn't going to fix this problem. The 200+ million Americans who don't have enough dollars to pay their bills now certainly don't have enough gold and silver to pay those bills either. Historically gold and silver were the money of the Malthusian world of mass poverty and starvation.
At one time social security was based on your last 5 years of employment which was likely your highest income. Now it is based on past 35 years which certainly includes less income averages. I worked till age 73 and my retirement income is about 40% of what is was. In the meantime everything is much more expensive.
They denied mine I'm 67 I have to get a lawyer
In Germany pensioners have been forced to find retirement jobs as their income cannot cover the ever increasing rent. On the other hand, elderly homeowners have had pressure put upon them to move out and let a family take on their home in return for a rental income. This may sound like an option, but it isn't exactly voluntary and elderly people have then been re-housed in new areas where they have no connection or friends. It is a dark time to be elderly or disabled, it must seem like the world has turned on them.
“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”-Thomas Jefferson
People forget or don't realize that the job market hell began in the 1970's. The first primitive computers of the 1970's prompted employers to cut thousands and thousands of jobs. In the 1980s, employers stagnated real wages which caused a credit scam that has reached $7 trillion in debt today. In the 1990's employers offered dead-end, slave-wage jobs by the millions until the internet was perfected sending tens upon tens of millions of U.S. jobs overseas - leading to the 2008 Meltdown. Now, quantum computers, ambulatory robots and AI will lead to universal unemployment by 2050 A.D.
This has been a cycle repeated several times. My grandparents life savings were wiped out by inflation. They scrimped and served their whole lives, and ended up exactly where they would have been anyway.
It’s hard to put extra money into a retirement plan, when it takes every penny you earn to pay general living expenses.
I work with the elderly, many are retired due to chronic illnesses. There are others who are working but mentally retired. Leaving systems to rot and go down the drain.
How come we never hear about the shortage or lack of welfare funding?
The US school system is teaching BS. The overall majority of us are not being taught basic financial survival skills in a capitalist society. The schools teach very little about financial literacy. They teach very little if anything about making your money work for you, instead of you working for money. My opinion is it's not the government, or a jobs responsibility to make sure I survive well in retirement, it is my responsibility to make sure I retire well. Retirement planning should start as soon as we get out of school. It should be the number one priority and not some passive thought that gets addressed one day. I know it's too late for a lot of boomers, (I'm a boomer) but you need to teach your children and grandchildren to learn how to prioritize their spending while they are young, and avoid some of the mistakes you may have made.
You can't even start to teach specialty subjects when kids fail to grasp reading, writing,and maths.
@@aaronbutterfield7267 If history, science. and foreign languages are taught. Things that most people will never use, or maybe I should add don't care about. One day they should be able to budget their money, understand interest rates etc. Poor people aren't poor because they don't understand history, and science. They are poor because they don't understand money. I also think they would be motivated to learn financial literacy, because that is an everyday experience you can't get around.
They denied mine im 67
Denied what?
I love when the well to do people think we need to work longer. Quit stealing from the system, and public workers do not receive anything. It is a public service. Not to become a millionaire during public service. Term limits are needed!
FJB
My grandma’s senior living housing is $18k/mo (in CA). Basically burning through all savings until there’s nothing left. Bye bye generational wealth.
What is your grandma doing living in commiefornia?
Quit bailing out the 1% at the expense of WE THE PEOPLE
But that's who we vote for every election cycle and doesn't make any difference which party either! They know that we will focus on the same divisive issues that really don't help us economically and this time it won't be any different! The 1% do not care!
When will the average Joe understand the whole retirement industry is based upon good money in now for bad money in the future !
As a Gen-Xr, i have never deluded myself about retirement.
This has been a known factor for over 40 years.
The federal government has no official policy on the "common wealth", the "well fare" of its citizens.
There is no social security crisis. The artificial cap on taxed earnings is an enormous regressive tax on working people -- always has been.
I think some of these figures are off base. You could not survive on $15,000 per year unless you live in a box somewhere where it is warm. A modest retirement costs ariound $40 K per year and you still have to skimp and you have to have no debt and still make some money to cover inflation.
It's time for the children to step up and make room for their parents or in-laws. I guarantee most will not do that.
Yes force your children to provide for you ! That will work out great ......did the parents take care of the kids ?
@@mindysmith3683 WHAT? 😆
@@muhammad8970 what , I'm 47 , I ain't spoken with my parents in yrs ...lol I don't want them . We don't live in a perfect world do we ?
@mindysmith3683 I think it's time for you to give them a call. Life is too short to hold grudges. It's time to show some love.
@@muhammad8970You live in a rose colored world, don’t you? Even if the younger generation loved their parents they barely have enough money for themselves and their kids. And they can’t afford to buy a house, either.
Bernie hasn’t done anything…ever
I’m mad as hell!!!
Now that many people got the arm ticket suddenly an unexpectingly everybody's leaving earlier
Pension funds are already underwater having invested in Zero Interest rate Treasuries and Commercial properties, so Less liquidity to pay out to retirees escalating!
I'm glad that finally pension funds are going underwater. Pensions funds are just another form of welfare. A lifetime free ride on the tax payers
I hate when I see old people still working😩😩
yup, I get a bad feeling I'm seeing my own future
I'd retiring or working less in 8 years, and considering this financial recession, Im deciding to begin taking up skilled trades. I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $120K per year but nothing to show for it yet.
You should contribute to your retirement diligently, or better still look into financial planning don't come to youtube for advise, consult a Local or trusted online advisor
You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
I consulted with an advisor to stay afloat and with subsequent investment, i am only 5% short of 1 million as of today, would retire soon!
Wow, congrats to you!
Who is your advisor
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I've been with Eric Paul Elmer for the last five years or so, and his returns have been pretty much amazing.
Well at least many millions will be able to look forward to .................................................................................. S O Y L E N T G R E E N. That is before they become Soylent Green.
In the same way that millennials and Gen Z are staying home with their parents, many retirees are also having to make the difficult choice to live with their adult children. Those of us in Gen X are feeling the pain from both ends!!!
I know lots of families in this situation.
The senior parents should be helping with the grandkids, household chores and repairs as well as contributing financially from their Social Security.
It's truly not that bad.
I never looked forward to the golden years. Old is just old. Am a nomad now and will go till I die.
You need gold to live in the Golden Years❤
There is no money for old people
There is no such thing as Retirement in America.
I haven't worked since June 2015 and always thought I was retired. So exactly what am I doing if I'm not retired?
If I recall right, when the old Soviet Union fell the death rate went up about 10% until things stabilized. I suspect if the US experienced a 1929 type event today the death rate would be higher due to the numbers of citizens on meds coupled with poor health and diet of many. IMHO.
If your not familiar with how the working class was in the Victorian Age you better brush up on the history. Spoiler Alert you worked yntil you died.
Your children did too.
I will die at my desk.
Universal Basic Income...Get prepared
Bernie sanders is well taken care of as the rest of them are like pelosi.
I DOWNSIZED my LIFE since the 2008 Recession !....I Live my life nice but SIMPLE, HEALTHY, SPIRTUALLY.,.......WE are at the beginning of a DEPRESSION!....
The coming depression will make 1929 look like chicken shit
I'm retired now....68... doing very...well... Social Security..Pension.. escalation of home value.... property and school taxes reduced... MEDICARE.... living very well...
Your living well because of the pension and nothing else. Pensions are just another form of welfare. A lifetime free ride
Yep, sick of all the gloom and doom. Get debt free and you are fine.
That is terrific. Now if we can only have a lot of other people on board. You and I both did O.K. but a lot of people were not as fortunate. They all have a reason. The working stiff deserve a lot more for their effort. Appreciate them.
Here's the fix. Phase out Social Security. SS takes 15% of your income. Allow people to put up to 15% of your income in retirement plans tax free. The return you will earn privately will far exceed what you get back in SS repayments.
It's all fiat currency. Currency was only designed control of the human race
I don't think anyone who's been working their whole lives should live anything less than a middle class lifestyle at retirement. Yet somehow they struggle. Retired people should be the most stable class there is, but its not.
Eat some chocolate it Will be fine🤣#Y2K crisis
That's just what the government wants.
When brokers and agents push the narrative to buy a house with 401k withdrawals…
Desperation
Regret
Disappointment
Worked great for me.
the increased cost of everything makes retirement planning difficult unless you are extremely wealthy, normal middle class people less than 100k can survive anything less and u are in trouble
Sounds like they need to stop the avocado toast and pull themselves up by their bootstraps. edit: sounds like
Why does everyone rag on Avocado toast? I use a 48 cent Avocado, a 25 cent slice of whole grain bread and 5 cents of bagel seasoning. Can't make a cheaper breakfast.
,, every one should only care for their own retirement. I should not be forced to pay for some other leech to retire.
And the Democrats fiddle........
Sad reality for very many seniors who dont own a home when you take your social security it won't be enough for the insane high rent these days. Yep it was predicted in the Best selling book of all time. Things will get so bad it leads to a 1, world gov takeover to prevent an all out chaos ....
If you fail to plan, then plan to fail.
Stay on good terms with your kids!
So who gets that retirement money when someone dies early that's the question? And why isnt this Billionaire Fink building low income retirement communities..oh because hes a Billionaire. I know Spouses get the s.s income but what if theres no Spouse? Do the kids get it or does the system pocket it. People wont want to work til 70..they will do other things like starting their own business so companies wont have workers.
We won't have any ssi or a retirement plan in the future.
They'll call it universal Basic income
It's broke
They'll put something in the food so that people die the day before they retire.
There's be something. I doubt that the government wants millions of angry hungry people with nothing to lose.
This is bad slowly making the USA not such a great place to come to and start a new life but if you are used to struggling then I want to welcome you to our country not enough of anything to support those that are already here so you like a change it's here
False claim about Trump and SS and Medicare.
Agree. Unsubscribed to this channel.
yup...pure leftist bullshxt,..........from the 'voice of doom'... unsubscribed
Absolutely not a false claim. It wasn’t the first time he mentioned making cuts, either. What he tends to do is announce his intention to make cuts to please his GOP cronies, then he says he didn’t mean it or never said it.
But a lot of the GOP politician play the same game. They do want to make cuts but they know it would be disastrous to their careers. But you know things are going on behind the scenes.
This is a lefty slanted source.
Builders need to build multi-generational homes on lots large enough for gardens
We'll all be wage slaves forever
The government would have enough money for all seniors citzens if they sent back all non citizens back to mexico mexican or not because then states would have enough housing and foodstamps for all the poor senior citizens and poor usa citizens there wouldnt be that many poor homeless on street if all non citizens were sent out of usa
But people forget what wages were then for our grandparents and what we were getting then as well my first factory job 3.25 an hour and that was 1983.
Fact number one Americans are not living longer.
Aren’t they living on average to 77 or 78?
Don't mind me folks, I'm just here for my daily dose of DOOOOOM!!!
America is becoming more and more like Philippines..
Debt slavery.