Liberal Forum

Came across an article this morning that said if your household income is $200k or above and have a plump retirement account the economy looks pretty darn good.

No one will make that happen for you.

Fuelman » 25 Oct 2025, 10:07 am » wrote: ↑

25 Oct 2025, 10:07 am

Came across an article this morning that said if your household income is $200k or above and have a plump retirement account the economy looks pretty darn good.

No one will make that happen for you.

Thats lucky investment or ya hit the Inheritance lottery good ya grandparent left ya 50 grand in a trust & when your folks croaked left ya the house all paid off too..

Thats how I got lucky and can be dysfunctional bouncing back and forth from Factories, Grocery Stores, Trucking, even Telemarketing and "Used Cars"

My family loved me "enough" gave it 2 me in their will..

All I gotta do is go out work any job enough awhile and keep the Paycheck coming thru the "Front Doors" cover Property Tax and Not dip into my "Real $$$" but its getting more Difficult the prices really went way up on me

Pay is up too but what used look good Inflation and Prices have outran the Raises and  Better Wages
 

HarperLee » 25 Oct 2025, 9:43 am » wrote: ↑

25 Oct 2025, 9:43 am

6 months ago MSNBC said the stock market was crashing....

What didn't happen?

I guess you just don't see the deep chasm in the timeline of the DJIA..

It sure looked like it was going to shyt.  Then it came to light it was all about the biggest insider trading scandal that made Martha Stewart look like Betty CrockPot.. The headline was prices have increased more than ever before on Friday.. DJIA Hummed along wiht a gain.  It's still only up 8.7% over the last year.  It has done better before.

6 Months ago the Epstien Files were also on Scam Bondeeks desk.  What has happened?  Yet??
 
 

TwoIfByTea » 25 Oct 2025, 10:26 am » wrote: ↑

25 Oct 2025, 10:26 am

Thats lucky investment or ya hit the Inheritance lottery good ya grandparent left ya 50 grand in a trust & when your folks croaked left ya the house all paid off too..

Thats how I got lucky and can be dysfunctional bouncing back and forth from Factories, Grocery Stores, Trucking, even Telemarketing and "Used Cars"

My family loved me "enough" gave it 2 me in their will..

All I gotta do is go out work any job enough awhile and keep the Paycheck coming thru the "Front Doors" cover Property Tax and Not dip into my "Real $$$" but its getting more Difficult the prices really went way up on me

Pay is up too but what used look good Inflation and Prices have outran the Raises and  Better Wages

Btw the way I did not exactly get this House 4 "Free" neither I moved back home and took care of my Mother waited on her and did all the running , shopping , Yard work Dr. APPOINTMENTS even Chemo Treatments for almost a Decade before she "Passed Away"

But ya know what Mom like that I sat with her and I was divorced by then already but she didnt mind if I bought a "Lady Friend" over and we never got married but she took care of Mom 4 me afew years and I got out back in trucking piled up another 30/40 grand in my bank accounts too
 

JohnnyYou » 25 Oct 2025, 7:43 am » wrote: ↑

25 Oct 2025, 7:43 am

So do you prefer Argentine Beef? Japan does.

looks like they're a very small player...




https://www.usimportdata.com/blogs/us-b ... 025-report

TwoIfByTea » 25 Oct 2025, 10:26 am » wrote: ↑

25 Oct 2025, 10:26 am

Thats lucky investment or ya hit the Inheritance lottery good ya grandparent left ya 50 grand in a trust & when your folks croaked left ya the house all paid off too..

Thats how I got lucky and can be dysfunctional bouncing back and forth from Factories, Grocery Stores, Trucking, even Telemarketing and "Used Cars"

My family loved me "enough" gave it 2 me in their will..

All I gotta do is go out work any job enough awhile and keep the Paycheck coming thru the "Front Doors" cover Property Tax and Not dip into my "Real $$$" but its getting more Difficult the prices really went way up on me

Pay is up too but what used look good Inflation and Prices have outran the Raises and  Better Wages

Consider yourself lucky to get an inheritance at all, many don't but still seem to reach a comfortable position.

Estimates vary, but surveys show that around 15% to 30% of people actually receive an inheritance, while a majority of households receive none at all. Some studies suggest that over a lifetime, the percentage could be higher, with about one-third of households receiving a wealth transfer at some point. The likelihood of receiving an inheritance is strongly tied to socioeconomic factors like income and wealth.

 Inheritance statisticsOver the last 10 years: 17% of adults received an inheritance.

Lifetime expectation: One study estimates that about 30% of households can expect to receive a wealth transfer over their lifetime.

By wealth level: The wealthiest 10% of families are significantly more likely to have inherited money, with 37.8% reporting they have.

By age: The probability of receiving an inheritance increases with age, peaking in the 56-65 age bracket. 
 
 

Fuelman » 25 Oct 2025, 11:09 am » wrote: ↑

25 Oct 2025, 11:09 am

Consider yourself lucky to get an inheritance at all, many don't but still seem to reach a comfortable position.

Estimates vary, but surveys show that around 15% to 30% of people actually receive an inheritance, while a majority of households receive none at all. Some studies suggest that over a lifetime, the percentage could be higher, with about one-third of households receiving a wealth transfer at some point. The likelihood of receiving an inheritance is strongly tied to socioeconomic factors like income and wealth.

 Inheritance statisticsOver the last 10 years: 17% of adults received an inheritance.

Lifetime expectation: One study estimates that about 30% of households can expect to receive a wealth transfer over their lifetime.

By wealth level: The wealthiest 10% of families are significantly more likely to have inherited money, with 37.8% reporting they have.

By age: The probability of receiving an inheritance increases with age, peaking in the 56-65 age bracket.

The ground rent here for this home is almost 400$ a month between tax and insurance.
 

TwoIfByTea » 25 Oct 2025, 10:37 am » wrote: ↑

25 Oct 2025, 10:37 am

Btw the way I did not exactly get this House 4 "Free" neither I moved back home and took care of my Mother waited on her and did all the running , shopping , Yard work Dr. APPOINTMENTS even Chemo Treatments for almost a Decade before she "Passed Away"

But ya know what Mom like that I sat with her and I was divorced by then already but she didnt mind if I bought a "Lady Friend" over and we never got married but she took care of Mom 4 me afew years and I got out back in trucking piled up another 30/40 grand in my bank accounts too

Good on you for being the "good son" and taking care of business. Many Seniors have no one.

We have been on that ride for almost 20 years now. The wife's folks are gone now and my Mom took their place. My half brother is talking care of our Dad.
 

JohnnyYou » 25 Oct 2025, 11:15 am » wrote: ↑

25 Oct 2025, 11:15 am

The ground rent here for this home is almost 400$ a month between tax and insurance.

Those two items run us about $320/month for a $500k home here in Colorado.

Death or taxes, take your pick!
 

Fuelman » 25 Oct 2025, 11:25 am » wrote: ↑

25 Oct 2025, 11:25 am

Those two items run us about $320/month for a $500k home here in Colorado.

Death or taxes, take your pick!

I live in the Midwest our co$t of living and prices roughly "Half" your Expenses on the "West Coast"..

Remember this too @Fuelman  it aint how much ya can stack in the bank accounts ya half there already..

Its how ya Budget and "Hang On" 2 it that really counts
 

TwoIfByTea » 25 Oct 2025, 12:03 pm » wrote: ↑

25 Oct 2025, 12:03 pm

I live in the Midwest our co$t of living and prices roughly "Half" your Expenses on the "West Coast"..

Remember this too @Fuelman  it aint how much ya can stack in the bank accounts ya half there already..

Its how ya Budget and "Hang On" 2 it that really counts

The formula is quite simple but life seems to get in the way for many.

2022 Federal Reserve Board study found that 43% of people aged 55 to 64 had no retirement savings.

A 2023 Credit Karma survey showed that 10% of baby boomers had no retirement savings at all.

According to a 2024 AARP report, 1 in 5 (20%) Americans aged 50 and older have no retirement savings.

The U.S. Government Accountability Office found that as of 2022, 32% of households with a worker aged 55 or older had no retirement savings or defined benefit plan. 
 
 

Fuelman » 25 Oct 2025, 12:33 pm » wrote: ↑

25 Oct 2025, 12:33 pm

The formula is quite simple but life seems to get in the way for many.

2022 Federal Reserve Board study found that 43% of people aged 55 to 64 had no retirement savings.

A 2023 Credit Karma survey showed that 10% of baby boomers had no retirement savings at all.

According to a 2024 AARP report, 1 in 5 (20%) Americans aged 50 and older have no retirement savings.

The U.S. Government Accountability Office found that as of 2022, 32% of households with a worker aged 55 or older had no retirement savings or defined benefit plan.

Dont forget Todays world the average "Median Wage" or Salary is roughly 35/38 Grand..

That used be really "Good" $$$ back im the 1980s I mean mortgage pay offs Brand New car sitting in the Driveway too

That was "Middle Class" 30 years ago..

Today the pay barely went up but Inflation and Prices "Skyrocketed" 2 the Moon..

Forget just working and "$aving" like ya folks and Grandparents the $$$ the economics just aint there anymore