Yesterday 2:24 pm
Why don't you find it amusing?Fuelman » Today, 12:17 pm » wrote: ↑ Seems this conversation is happening quite frequently and there is plenty of truth in those statements.
It's not as funny as it used to be. My younger conservative self would have been promoting a second or third job for the lazy **** struggling while we had a $150k+ income. Hell, people struggle with that income today with the prices today.
I'm just glad I don't have to do it all over again cause in that scenario I might not carry the "lucky ****" banner!
I'd probably end up here:
I Worked Hard My Entire Life — Now I'm 70 And Broke. Something Has To Change In This Country.
Read "I Worked Hard My Entire Life — Now I’m 70 And Broke. Something Has To Change In This Country." on SmartNews: https://l.smartnews.com/p-jmoRcnu/GFYcmv
It looks like I won’t be participating in what is being called the largest generational transfer of wealth in U.S. history. Younger generations are estimated to inherit more than $27 trillion within the next 20 years. None of it, unfortunately, will be coming from me.
I don’t own a house. My IRA is long gone. The only thing my kids are likely to inherit right now is a pretty good object lesson in what not to do financially. It’s not that I didn’t know about preparing for retirement. I’m an advertising copywriter. For years I reminded customers that a 65-year-old ending a work career will need over $1 million to maintain a modest $50,000-a-year lifestyle for the next 20 years. But life happens. Houses get lost in divorces. Investments falter. And the workflow you’ve taken for granted for 40 years suddenly falls off a cliff and takes you along with it.
Fact is very little "wealth" is being created today, at least here in the states (maybe there is wealth being created in Vietnam LOL) but there is certainly a lot of wealth "extraction" going on
You just have to position yourself to be a recipient in the "extraction" process.
I find it extremely amusing TBH