LogFAQs > #943550500

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Topic	US stock market hits NEW RECORD. Trump making US economy great again!
1337toothbrush 08/18/20 9:34:58 PM #40:	Houston posted... What's your point? 22 grand can easily fluctuate by thousands of dollars. Do you think the people who only have 22 grand want to have 15 grand instead? Or 18? I think it's also safe to say that a large number of those accounts should expect to have a lower amount due to people's age. We would not expect to see a typical 25 or 30 year old with 100k. The point is that people don't have as much skin in the game as you claim. If you clicked the link you'd see that the median balance for those 65 and up is only $58035, which is not enough to retire on. The record highs of the S&P 500 is almost entirely to the benefit of the rich. We'd be better off strengthening social security instead of throwing it to the market and hoping everyone invests enough, cheering on bubbles that inevitably pop and leave the poor poorer and the rich richer. --- https://gamefaqs.gamespot.com/boards/261-politics/78252375/931554955 https://imgur.com/a/FU9H8 - https://imgur.com/ZkQRDsR - https://imgur.com/2x2gtgP <cite>1337toothbrush posted [p:943550500] in US stock m... [t:78919919]...</cite> <quote>Houston posted... </cite> <quote>What's your point? 22 grand can easily fluctuate by thousands of dollars. Do you think the people who only have 22 grand want to have 15 grand instead? Or 18? I think it's also safe to say that a large number of those accounts should expect to have a lower amount due to people's age. We would not expect to see a typical 25 or 30 year old with 100k.</quote>The point is that people don't have as much skin in the game as you claim. If you clicked the link you'd see that the median balance for those 65 and up is only $58035, which is not enough to retire on. The record highs of the S&P 500 is almost entirely to the benefit of the rich. We'd be better off strengthening social security instead of throwing it to the market and hoping everyone invests enough, cheering on bubbles that inevitably pop and leave the poor poorer and the rich richer. --- https://gamefaqs.gamespot.com/boards/261-politics/78252375/931554955 https://imgur.com/a/FU9H8 - https://imgur.com/ZkQRDsR - https://imgur.com/2x2gtgP</quote> ... Copied to Clipboard!
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