"FUCK'S SAKE THEY CAN'T EVEN LET US HAVE THE OPEN JOBS ANYMORE!"
-Millenials and Zoomers
this post was submitted on 15 Dec 2023
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A Boring Dystopia
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For a long time there weren't any new jobs or wage growth because boomers weren't retiring due to the 07' financial crises. It took at least 5 years or more for things to really settle from that. Then the Fed never raised interest rates when they should have. Then they couldn't lower them during the pandemic and had to print a bunch of money to dig the economy out of a hole and now we're here.
07'? You mean 0720?
360*
Lmao. For 20 years they've been predicting the retirement cliff in the labor market.
It's become very clear that most Baby Boomers do not have a retirement.
It's nearly impossible to have enough saved for retirement. Inflation of costs seems to rapidly outperform actual inflation and interest on savings. So if they were told that their end goal was it's now half of what is actually needed.
Retirement through self funded plans are a scam.