Current Events > 9 out of 10 people will not have enough save for retirement

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RevivedPacifist
11/07/23 7:42:13 PM
#1:


What's going to happen? There are only so many homeless shelters

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Dakimakura
11/07/23 7:42:51 PM
#2:


Well since they also can't afford / get health care they will die before it is an issue.

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darkace77450
11/07/23 7:43:16 PM
#3:


RevivedPacifist posted...
What's going to happen?

The Paul Ryan Plan: They lay down in ditches and die.
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Umbreon
11/07/23 7:44:45 PM
#4:


Either work until they die, or people take a page out of the Fench's book.

Either way, a lot of people dying.

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Nukazie
11/07/23 7:45:03 PM
#5:


people will be forced to skip retirement

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Billyionaire
11/07/23 7:45:16 PM
#6:


Nothing I can fix or do about it so I'm not gonna worry about it tbh. Not really my problem if you didn't save enough for retirement.

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KitKats
11/07/23 7:46:33 PM
#7:


Demand for fresh water will outstrip supply by 40% by the end of the decade (2030)

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Shishiwakamaru
11/07/23 7:47:11 PM
#8:


There cant be millions of people on the streets so something will have to change before long. Maybe there will be more houses available so there wont be mass homelessness.

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pupeye
11/07/23 7:47:53 PM
#9:


I guess they'll just have to keep working....
why would they be homeless? I don't see the correlation.

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Jiek_Fafn
11/07/23 7:48:00 PM
#10:


I plan on devouring those who aren't strong enough to make it through the initial wave. Free meat

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Prismsblade
11/07/23 7:52:52 PM
#11:


Not being able to Retire sucks but its a pretty recent thing in human history tbh so idk why people arent sure what were supposed to do all of a sudden.

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xGhostchantx
11/07/23 7:54:23 PM
#12:


Retirement has been a pipe dream since the 90s. We're not retiring ever unless there's substantial changes that the status quo won't want.

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BloodMoon7
11/07/23 7:57:17 PM
#13:


Once I start wrinkling, if I'm even alive that long, I'll just dig a hole and lie down on it and feed on earthworms.

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Glob
11/07/23 7:58:44 PM
#14:


xGhostchantx posted...
Retirement has been a pipe dream since the 90s. We're not retiring ever unless there's substantial changes that the status quo won't want.

Speak for yourself. I plan on retiring in the next decade.
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B18Champ
11/07/23 7:59:46 PM
#15:


RevivedPacifist posted...
What's going to happen?

UBI


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KitKats
11/07/23 8:01:25 PM
#16:


B18Champ posted...
UBI
Count me in

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darkace77450
11/07/23 8:02:21 PM
#17:


B18Champ posted...
UBI

https://gamefaqs.gamespot.com/a/forum/9/96341bea.jpg
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ellis123
11/07/23 8:02:47 PM
#18:


Dead bodies lining the streets.

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darkace77450
11/07/23 8:03:44 PM
#19:


B18Champ posted...
UBI

https://gamefaqs.gamespot.com/a/forum/b/b2bb0204.jpg
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Agonized_rufous
11/07/23 8:06:11 PM
#20:


They should have a thing where the government takes out money every paycheck for you to automatically save and politicians should never, ever, ever touch. Then we can keep the nation stable by allowing society to not feel insecure

Let's call it community assurance

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Treasure
11/07/23 8:06:41 PM
#21:


Society will collapse fairly soon.

I fear for my daughter's future.

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LeoRavus
11/07/23 8:07:13 PM
#22:


Social security should be enough to pay and old person's bills unless they have some ridiculous mortgage or rent payment.

I paid my house off 2 years ago so idgaf. That check will cover utilities.

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Full_Pokedex
11/07/23 8:08:59 PM
#23:


Treasure posted...
Society will collapse fairly soon.

I fear for my daughter's future.
Every generation has claimed the same thing for centuries, it's not going to happen.

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apocalyptic_4
11/07/23 8:11:00 PM
#24:


B18Champ posted...
UBI

Yup its up and running already.

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ellis123
11/07/23 8:11:02 PM
#25:


Full_Pokedex posted...
Every generation has claimed the same thing for centuries, it's not going to happen.
Duncan.

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littlebro07
11/07/23 8:12:21 PM
#26:


My plan is to just be as healthy as possible so I can live longer and retire when Im like 90

*finishes McDonalds order*

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KitKats
11/07/23 8:12:50 PM
#27:


Treasure posted...
Society will collapse fairly soon.

I fear for my daughter's future.
We still have a few decades to go

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boomgetchopped3
11/07/23 8:13:29 PM
#28:


Robots dont retire
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Full_Pokedex
11/07/23 8:14:10 PM
#29:


ellis123 posted...
Duncan.
What? I'm sure people during the Dust Bowl were convinced that society was going to end in their lifetimes and guess what? Things got better and humanity kept chugging.

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Donkey Kong is our friend! Please call often DK, don't be a stranger! From Toadsworth, Mario Party 7
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Forty_Niners
11/07/23 8:14:37 PM
#30:


Umbreon posted...
work until they die


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VRX3000
11/07/23 8:15:02 PM
#31:


I plan on moving to Tasmania

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Prismsblade
11/07/23 8:16:07 PM
#32:


Agonized_rufous posted...
They should have a thing where the government takes out money every paycheck for you to automatically save and politicians should never, ever, ever touch. Then we can keep the nation stable by allowing society to not feel insecure

Let's call it community assurance
I believe countrys like Singapore already have this but I forgot what its called. They take a portion of every paycheck you earn and dump it into a personal retirement account of yours that nobody can touch.

So you dont have to worry about some wolf on Wall Street playing games with it nor burdening the next generation to fund it.

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Carljank
11/07/23 8:16:47 PM
#33:


Billyionaire posted...
Nothing I can fix or do about it so I'm not gonna worry about it tbh. Not really my problem if you didn't save enough for retirement.
Right they can always just steal from the ones who did save since they outnumber them 9 to 1.

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xGhostchantx
11/07/23 8:43:43 PM
#34:


Glob posted...
Speak for yourself. I plan on retiring in the next decade.

That's cool and I am genuinely happy for you if that's the case, but you're the exception these days and not the rule if you're under 40.

VRX3000 posted...
I plan on moving to Tasmania

The poppy farms have only a waist high non-barbed and unguarded and unpatrolled fencing. Do with that info what you will

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Billyionaire
11/07/23 9:14:56 PM
#35:


Carljank posted...
Right they can always just steal from the ones who did save since they outnumber them 9 to 1.
They can try

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Glob
11/07/23 10:14:57 PM
#36:


xGhostchantx posted...
That's cool and I am genuinely happy for you if that's the case, but you're the exception these days and not the rule if you're under 40.

Im 36.

I acknowledge that there are many in less desirable circumstances than my own. In fairness, a couple of years ago I wasnt sure if Id ever get to retire. My circumstances changed quite dramatically when I started looking at living abroad.

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#37
Post #37 was unavailable or deleted.
Shishiwakamaru
11/07/23 10:27:45 PM
#38:


[LFAQs-redacted-quote]


You have to invest in financial assets. Putting your money in a bank account for decades will lose you a lot of money thanks to inflation. Most of your earnings will be in capital gains (basically compound interest on what you already have)


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havean776
11/07/23 10:28:27 PM
#39:


[LFAQs-redacted-quote]

Don't forget inflation!

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wanderingshade
11/07/23 10:30:02 PM
#40:


Retirement homes go out of business for being priced too high. JK a bunch of old people will get thrown into basic ass group homes.

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Glob
11/08/23 12:20:39 AM
#41:


[LFAQs-redacted-quote]


High wages, low cost of living and interest/investment.
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shironinja
11/08/23 12:22:32 AM
#42:


they will eat the rich.

Aerosmith predicted this.

https://youtu.be/o-0lAhnoDlU

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Now or never.
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Zwijn
11/08/23 12:25:06 AM
#43:


darkace77450 posted...
https://gamefaqs.gamespot.com/a/forum/b/b2bb0204.jpg
Whats the alternative? What when most industries are half or fully automated? What when the climbing retirement age meets the reality of peoples bodies not keeping up? Are people going to spend their nonexistent income in the economy?
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pretzelcoatl
11/08/23 12:52:04 AM
#44:


Billyionaire posted...
Nothing I can fix or do about it so I'm not gonna worry about it tbh. Not really my problem if you didn't save enough for retirement.
This is naive. I've saved and saved for retirement, but I'm not foolish enough to believe that people not saving for retirement won't affect me. The same way a city full of unemployed or homeless people will affect me even though I work my job and pay my bills.

It's definitely a "this isn't a secret, you need to save or you won't retire" issue and I don't feel bad for people that choose short term over long term, but make no mistake; it WILL affect you, and it will be negative.
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pretzelcoatl
11/08/23 12:55:00 AM
#45:


[LFAQs-redacted-quote]

It compounds. And the earlier you start, the less per month you have to save to comfortably retire.

You know how like literally every adult when you are a teenager will tell you one of the things they wished they had done was start saving for retirement earlier? It's good advice. If you wait til you're 30 to start saving, you've already fucked up.
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GrandConjuraton
11/08/23 1:04:41 AM
#46:


ellis123 posted...
Dead bodies lining the streets.


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darkace77450
11/08/23 7:53:31 AM
#47:


Zwijn posted...
Whats the alternative?

I've already given you their alternative. They've already told you they're fine with you dying if you can't fend for yourself.
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Cuticrusader09
11/08/23 8:26:49 AM
#48:


[LFAQs-redacted-quote]


You really need a 2 income household. My mom did not start working until I went to college. She was 43. At that point there wasnt really any retirement savings from my dad. She pretty much put her entire paycheck into retirement savings.
She managed to hit a million by her retirement age.

When I married my husband he did not have any retirement savings. But we decided to live below our means. So now we have savings.

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Rai_Jin
11/08/23 8:29:12 AM
#49:


saving for retirement? Retirement is the savings.

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Plumeofdusk
11/08/23 8:41:57 AM
#50:


I'm 30 and I've got like 22k in my 401k :v is that a good start?
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