• FnordPrefect [comrade/them, he/him]
    ·
    2 years ago

    $4 Million huh that only represents...265 years (no taxes, ALL money saved), of working full time at minimum wage. That seems like a reasonable target...

    Also, perhaps a bit :alex-aware:, but the "stock your retirement account" feels like it's just a scam (lol, we won't get to retire) to trick us into pouring even more money into the financial manipulation markets

    • SorosFootSoldier [he/him, they/them]
      ·
      2 years ago

      $4 Million huh that only represents…265 years (no taxes, ALL money saved), of working full time at minimum wage. That seems like a reasonable target…

      Just find a vampire to bite you and you can live/work that long and save up. Easy for a sigma alpha male to do.

    • InevitableSwing [none/use name]
      hexagon
      ·
      2 years ago

      “stock your retirement account” feels like it’s just a scam (lol, we won’t get to retire)

      RetirementCrypto currency doesn't exist how can that be? I could write their ad copy...

      Listen up, Millennials: RetirementCrypto. With a one thousand dollar buy in you may be able to retire in 10 years​!*

      * Results not guaranteed. A growth rate of 400,000% is assumed.

  • SoyViking [he/him]
    ·
    2 years ago

    Oh yes, retirement. When I grow old and tell my grandchildren about what retirement was they'll probably think I've finally lost it and put me in an assisted employment facility.

    • InevitableSwing [none/use name]
      hexagon
      ·
      2 years ago

      Inflation. Inflation. Inflation. Inflation. Inflation. Inflation. Inflation. The key to the democrats winning all races for the next hundred years is focusing on inflation. Inflation. Inflation. Inflation. Inflation. Inflation. Inflation.

      • zifnab25 [he/him, any]
        ·
        2 years ago

        Inflation. Inflation. Inflation. Inflation. Inflation. Inflation. Inflation.

        Has been functionally flat for over 20 years. It wasn't until the Boomers started retiring (and dying) that the labor pool got tight and suddenly prices went through the roof.

        Something something cost of a coat something something.

    • Blep [he/him]
      ·
      2 years ago

      Just make $2million more per year every year until you retire

  • solaranus
    ·
    edit-2
    1 year ago

    deleted by creator

  • barrbaric [he/him]
    ·
    edit-2
    2 years ago

    saving early and regularly

    investing wisely

    budgeting your expenses

    Okay I've done all that, my after-expenses saving is about $50/mo, so I just need to work for 6,666.67 years to retire. Oh wait, I forgot about inflation, so lets just round that up to an even 7,000 years. Sounds reasonable to me!

    • zifnab25 [he/him, any]
      ·
      2 years ago

      I just need to work for 6,666.67 years to retire. Oh wait, I forgot about inflation, so lets just round that up to an even 7,000 years.

      The solution to the savings problem is always investment. But investment is predicated on surplus accumulation from other workers. So the answer always ends up boiling down to "Rob Peter to pay Paul."

      • CTHlurker [he/him]
        ·
        2 years ago

        Libs will justify this by saying that sometimes Peter dies before he can come collect the money you borrowed/stole, and that magically makes the system more resistant than we give it credit for.

    • NuraShiny [any]
      ·
      2 years ago

      Well, I have good news, in 6666 years, that four million dollars will buy you a single nutless m&m

    • InevitableSwing [none/use name]
      hexagon
      ·
      2 years ago

      Look on the bright side - you might not die. But you need to be ready for the big challenges that come next...

      https://hexbear.net/post/236522/comment/3026481

      • FALGSConaut [comrade/them]
        ·
        2 years ago

        Oh I'll probably die. I live next to a whole pile of fresh water with america right next door. If america ever decides to annex Canada I'd probably be drone striked as a "military age male"

  • GrouchyGrouse [he/him]
    ·
    2 years ago

    Capitalists just boldly admitting how much you need to generate just to keep this rat carton on the wheels. Retirement isn't just like having money after you retire. It's a value of how much you can spend after you stop producing. They need this much excess just to keep the wretched machine afloat. This is how much you need to insure yourself against the conclusion that you are worthless to them if you cannot consume at the same rate you did after you stop producing.

  • TerminalEncounter [she/her]
    ·
    2 years ago

    By the time I'm in the zone for retirement it'll be the 2050s or 2060s. Do those decades sound like retirement will be an option or even a meaningful idea? It's hard to imagine things getting better absent a proletariate socialist revolution.

    • InevitableSwing [none/use name]
      hexagon
      ·
      2 years ago

      It’s hard to imagine things getting better

      I hope things get better. But it's weird for me to contemplate ~2060. By then I'll surely have started my permanent dirt nap.

      • TerminalEncounter [she/her]
        ·
        2 years ago

        I think it was Jamie on antifada that put it in a good way, it's like an insult to ask people what their lives will be like in 2045 - it's like "how dare you!?"

        • InevitableSwing [none/use name]
          hexagon
          ·
          2 years ago

          I'm an atheist and the big problem with atheism - of course - is you don't even get any promised bonus time. It's just game over. Which is kind of a drag.

        • OgdenTO [he/him]
          ·
          2 years ago

          My boss asked me in a review where I see myself in 5 years and I almost laughed

  • CyborgMarx [any, any]
    ·
    2 years ago

    lmao retirement, motherfucker I'm gonna be a grizzled tank commander in a post-apocalyptic socialist warband fuck outta here

  • PZK [he/him]
    ·
    edit-2
    2 years ago

    I see shit like this and I get the vibe they are hoping some millenials will magically dump more of their money into retirement funds that also makes the big line go up which coincidentally helps more :grillman:s retire.

    I say magically because how out of touch do you have to be, to think that millenials can shove that much of their yearly income into retirement?

    Edit: Also how bout you actually provide people with an attainable means to retire instead of telling them to just work harder. It isn't our fault, its yours.