wadatahmydamie
79381
1628
51
https://mstdn.social/@WadatahMyDamie/111716984018843292
Jan 7, 2024 10:18 PM
wadatahmydamie
79381
1628
51
https://mstdn.social/@WadatahMyDamie/111716984018843292
BlindedByTheWereLight
Used to be you could pay off a home in like 5 years or so. Now I'll be 60 by the time I pay off my home. And I'll have paid the bank over double the price I paid for the property. That is if I don't fall on even harder times and default which unfortunately I'm far closer to than I would like.
mckjm2
Retirement plan: shoot nazis after the collapse of civilization.
makesense
Perfect statement for GenX. We working until we die and even then there won't be anything.
Ultratoxic
As a millennial, my retirement plan is to either die in the Water Wars of the late 2040s or assassinate a billionaire and spend the rest of my life as a celebrity in prison.
AllGloryToTheDarkLord
Most of GenZ will be retiring in their 40s, along with the majority of humanity... when the decades long droughts wipes out the global farm belt, and whatever food-substitute that the robots can produce get diverted to billionaires living in their Zardoz-style clean air space bubbles
gearsmith
Retirement plan: Do a crime in Canada and get room, board, and medical.
j0lt78
As an aging GenXer... GODFUCKINGDAMMIT!
SJBSavageInk
Lol millennials and everyone after, are the person tied to the tracks in that ethics problem, and the boomers are the ones driving.
TheFastpaws
I've already given up. I can't do this grind with people just letting boomers get away with creating hell on Earth.
disposabledom
My Boomer parents are ASTOUNDED that they can't fully retire like they planned, and constantly blame Democrats for it
wadatahmydamie
Might be worth showing them the Reagan charts.
GutstobeGnK
I'm Gen X and self-employed. There is no retirement for me. My plan is to do everything I can to boost my children's future while I work myself into the ground.
SlowerDwightYouIgnorantSlut
Gen X, here. My retirement plan is my life insurance policy. I’ve got a max of 19 years left.
UsedToBeAPilotButNowImJustSomeGuy
I'm just going to say that the Greatest Generation, great as they were, didn't have to work for 55 years.
wadatahmydamie
Fair point.
djangojazz
As GenX I get into fights all the time with boomers and their RIDICULOUS kids these days have it easy.
WatchYourFuckingLanguage
I'm 21 and stuck living with my parents because I have (undiagnosed) autism and only just found a job I can bear. $16/h and I can't afford even a shitty apartment.
WatchYourFuckingLanguage
This is my future. I'm not having kids because I doubt it'll get better. I vote, I go to protests, but I don't know if it'll do anything.
rainbowsigns
*Greatest generation retired at age 55, they definitely did NOT work 55 years geez
GravyEducation
Millenials to Gen Z.
ScarecrowSticks
As a Millennial:
Kemi337
Kinky
GravyEducation
Millenials like
GravyEducation
QuartzPoker
My millennial retirement plan is to find a nice national park to disappear in.
Erumun
i've honestly thought about this. finding a nice lil spot with a view, bam.
whatsisname
If a ranger finds you they'll throw your ass out and prosecute you.
QuartzPoker
Seeing as how I am not Pope Formosus, I don't think they would be able to prosecute me if/when the time comes.
BojanglesTheFlyingCar
my gen-x retirement plans are woefully inadequate and i've been maxing contributions + employer contributions since i started working. we're gonna live in a van by the river.
CaptnRisky
Same here. Gen x making max contributions and living like a pauper in the present to self fund a retirement that, with current inflation rates, will pay not a whole lot more than the old age pension.
vodkaho
As Gen x myself, I've known since a teenager I would probably be working in one way or another until the day I die.
BuckIndy
GenX, can confirm.
Kablooeeey
Retiring this year, to living in my car. I'd rather die in my backseat than at work.
CaptnRisky
I feel this on a spiritual level. At some point I will choose poverty over work because it will be easier to manage.
wadatahmydamie
You might be able to find a commune, there are a few spots around the world with a “contribute what you can” model
TinaTheWonderBra
Best retirement option is flee the US for a country that isn’t insane now.
CompressedInfo
The list grows thin
Theraininspaindrainsmainlydownthemainvein
Sorry mate, they're all kinda fucked. Not USA fucked but still
UsedToBeAPilotButNowImJustSomeGuy
As a U.S. citizen married to a Canadian spouse, I can tell you that I'm glad that I have an out.
MicroChannelMaster
As someone who has a co-worker with a Canadian spouse; Better look elsewhere. They've been married a year and he is still fighting their immigration office tp be allowed in permanently.
wadatahmydamie
Do you? Apparently emigrating to another country is a nightmare
EroticZombiePants
As a Gen-Xer, I can say many of us will still be able to retire (although not necessary at the earliest age we could), at least if we made use of our workplace's 401k and put stuff into IRAs. I can still see it on the horizon for me.
HelpfulCorn
This Gen Xer started her 401k at 21 and maxed it out for about the last 20 years
DALLASLAVOWNER
Im the same, Gen-Xer. I can see retirement hopefully about 10 years out but it all depends on keeping working up until that point which is always iffy (Im in a right to work state for a company that has been sued previously for age discrimination)
Ih8thisSoMuch
Also GenX, and I actually retired pretty early at around 50. But only because I was able to make good money on my own my entire adult life (via music in my 20s and 30s then freelance carpentry in my 30s & 40s - til my knees were shot) despite being a HS drop out. So yeah I've got my farm and my vehicles and it's all paid for - but like many my plan involving eventual illness involves fast lead. In part because I don't know even one GenX with decent health coverage or who inherited a single cent.
CraftyGiant
You are a minority
InkyBlinkyPinkyAndClyde
I don't know, I know a hell of a lot of Gen Xers just getting by. My four siblings all have no retirement. We're in Canada so they'll get some amount from the pension plan, but it won't be anywhere near the max since none of them can pay in that much. And they'll get Old Age Security, which everyone gets, but again it's not much. If their income is low enough, which it likely will be for all of them, there's another supplement they can get. Altogether though it's still not enough to live on /1
InkyBlinkyPinkyAndClyde
with prices as they are. I make a good income and at one time I thought I'd be able to retire early. I did everything you're supposed to, have invested over 10% of my salary every year and always lived within my means. But investments don't seem to grow anymore. They've been standing still for years. So that dream's gone, unless we downgrade our lifestyle and give up on leaving anything to our kids. I just hope my medical condition doesn't get worse and force me out of my job. /2
sv1rr
I don't dare think what my future brings, and I'm Norwegian. Lived 10 years in the US. You guys gotta vote like your life depends on it come November. Because it does.
themobileappisbroken
They don't care about voting to their own benefit.
They only care about denying benefits to others because "If they're losing that must mean I'm winning"
[deleted]
[deleted]
BlindGardener
Claim refugee status.
CompressedInfo
Plenty of us know this. Although knowing how important it is doesn't make my vote count any more than normal
wetqueef
Im beginning to fear even a landslide wouldn’t help. The right has given up on democracy and pluralism bc it doesn’t produce the results they feel entitled to. What’s coming next is going to be very bad and I don’t think there’s much we can do to stop it. I pray I’m wrong.
FuManLu
As an American, We only get to choose between two people who basically want to screw us over in two different ways. Neither candidate truly works for the people
DidItForScience
Don't worry, once we fully destroy ourselves we will find a way to make our problems the world's problem.
jzastrow
Can y'all meddle in our elections like the Russians and Chinese but like, the opposite way
iWantToBeABus
Your country is what caring about all looks like.
PirateArrrgument
More than 50% of us do. The problem is we've been carefully divided into non representative groupings by region that still give the conservatives a 2:1 vote advantage.
sv1rr
It is fucking insane that they've gotten away with it.
ballpeenX
How much does it matter which way we vote? Biden isn't really running the country. Dr. Jill is propping him up and staff is running the country or.........Trump? We deserve better choices.
boognish115
The country has never been run by one man alone in the whole history of America and Biden has hired a good team of people to help him. Politics is about compromise and choosing the lesser of two evils. Between the two, Biden’s administration is much more competent than trump’s as proven by the sheer number of accomplishments and bills he’s been able to pass against extreme opposition from a GOP Congress and Supreme Court.
ballpeenX
My point is that we deserve better candidates. Are these 2 dipshits really the best that this country has to offer. I’m tired of voting for the least awful candidate. I want an actual good choice. (BTW Biden’s successes are due to Nancy Pelosi’s masterful ability to jam through huge spending bills on party line votes. Biden doesn’t have her as Speaker anymore and he doesn’t have the ability to find 5 GOP votes in the House so he’s screwed. honestly he’s just barely able to read the cards now)
boognish115
You raise an important point, the president can set an agenda, but it’s Congress that gets the work done. Arguably voting for your congressmen is much more important than whatever the president is doing. Presidents have to appeal to too broad a demographic to be perfect. The best way to think about it is to vote for the president that will best work with your congresmen. It’s a team effort.
Sechran
Sadly, it isn't just our lives. America's too big, too important, and too impactful for another Trump presidency not to likewise fuck up the whole planet to some extent.
BlindedByTheWereLight
Residual power at this point I think. The USA is a shadow of the might and majesty it once had. A house divided against itself...
DrMarioSThompson
America has more than half the world's aircraft carriers and total naval domination over the world's shipping lanes. Majesty maybe not but the USA is very much still in the driver's seat militarily despite tremendous problems at home. As a Canadian member of the American empire, having no say in which direction the beast lurches, we are all very nervous about November
AlmightyThor117
Unfortunately, the downside for the other nations if Trump wins 2024 is that we have been spending so much on our military budget for decades
[deleted]
[deleted]
ViscousCousCous
this comment is underrated
Strategicgnomer
Most of the rest of the world disagrees... Buuut, it'll likely mostly be civil war, as people are NOT on the same page there. Or if it's a world war, it'll be each country against itself with a few exceptions.
Athanar
If it comes to that, there will also be a civil war. So there's that at least.
kiwiclimber
What's so civil bout war anyway?
justhereforthefun
I’m afraid how my retirement will look like in 15 years, and I’m living in europe. I don’t know what you guys in the US are expecting, but I’m feeling for you guys…
MuonNeutrino
Expecting? To work until I die (of old age/disease or in the next civil war, take your pick) or civilization collapses, whichever comes first.
somerandomusernamebecauseididntlikemyoldone
There is basically no expectation for retirement, social security is going to be shot, most fields/positions have no form of retirement other than what you yourself organize, a lot of people live paycheck to paycheck and have debt, so my guess is that a lot of older people will continue to work until they die and not out of choice
snotrocketscience
Us millennials have at least 25 years to retirement. That's enough time for the boomers to die off and gen Z to fix everything. Right?
Redyls
whats happening to retirement in europe?
kingkongkeom
The inter-generational contract doesn't work anymore.
It's a dependency between different generations based on the assumption that future generations, in honoring the contract, will provide a service to a generation that has previously done the same service to an older generation.
Problem is that this generation and every following one won't be able to get the retirement benefits of the generations before anymore.
omagouch
Sounds just like the abysmal situation that is social security in the states.
EroticZombiePants
It's basically happening all over the first world. People are simultaneously living longer and having less children, so nations are becoming increasingly top heavy as the percentage of the population working is lowering. Basically the retired people are draining away the money faster than the working people are putting in now, and eventually the surplus is going to dwindle away.
landbaronness42
So bring in more workers from other countries. Wouldn’t that work, I mean except for racism?
InkyBlinkyPinkyAndClyde
That's what they do, which is pretty bad for those other countries.
MicroChannelMaster
That's how you end up with stagnant and suppressed wages as well as an exploited workforce.
EroticZombiePants
Basically it's either keep raising the retirement age, reduce the payouts, and/or increase taxes specifically for the social security fund ... or it collapses at some point.
MicroChannelMaster
Or gut the program now and let the boomer reap what they spent their whole lives sowing.
ThisIsYourLifeNow
At the same time rent rises higher and higher, stuff gets more expensive and public life itself costs so much that I dont go out of my apartment anymore because I cant afford it. And of course pay rises so slow that you cant afford shit. Constantly living on the brink of homelessness does a toll on mental health too. We could all support older people if we got paid a fair share. The system itself has to change/improve fast or we are fucked.
InkyBlinkyPinkyAndClyde
Or just tax the richest people more. One of the other huge reasons it doesn't work is that so much of the wealth is concentrated at the top now. Bring it down to the people and we can all live well. That's the idea behind UBI.