this post was submitted on 11 Dec 2023
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Breaking news: in one of the most productive countries / economies in the entire history of humanity, the majority of people creating that productivity do not get to enjoy the rewards of that productivity.

same as it ever was.

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[–] [email protected] 9 points 9 months ago (2 children)

but someone who would have to sell some stocks or stop retirement contributions might also think of themselves as “paycheck to paycheck.”

Oh, like I had to do when I moved to another apartment? I had to wipe out my (tiny) Roth IRA just to pay the deposit. My wife had to wipe hers out just to pay the movers and all the other BS fees. We now have no retirement savings and haven’t since we moved six months ago. We both had to stop contributing to our IRAs in order to continue paying the bills. We’re not even paycheck to paycheck at this point, we’re at month to month.

[–] FlyingSquid 6 points 9 months ago

We just had to refinance our mortgage because our credit card debt was out of control and the payments were too high.

But it did nothing to help with student loans or medical debts.

[–] [email protected] 2 points 9 months ago (1 children)

Yeah, I had to empty my 401k to be able to just keep renting and I've decided that it's probably not worth paying towards anymore since by the time I would retire they likely would tell me I need at least 8 times whatever I could afford to put in so I'll just plan for death as my retirement like Boeing would want.

[–] [email protected] 3 points 9 months ago (1 children)

Pretty much. I’m very much resigned to the fact that I’ll be working well after the standard retirement age and will likely die at work, with nothing but debt to pass on to… nobody because I can’t afford to have children.

[–] [email protected] 1 points 9 months ago

Boeing actually found the longer you work the shorter you live so good news you won't work past retirement you will work until you die and then retirement age won't exist. It will be a myth from the past.