Around four in 10 U.S. Gen Xers, and even some baby boomers, haven’t saved for retirement—as current retirees who didn’t save enough endure a “nightmare.”
Yep the successes are anecdotal not generational. Stepping backing and looking at raw numbers it’s clearly heading for a series of catastrophes that amplifies with each successive generation.
The weird part is the working poor can often maintain their lifestyle into retirement because they lack the very assets everyone is told to have. They can qualify for additional benefits that prevent anyone above the meager limits from various avenues of additional help.
This is all solved by basic income but we spend an insane amount avoiding the simple solution because it’s not capitalistic.
Yep the successes are anecdotal not generational. Stepping backing and looking at raw numbers it’s clearly heading for a series of catastrophes that amplifies with each successive generation.
The weird part is the working poor can often maintain their lifestyle into retirement because they lack the very assets everyone is told to have. They can qualify for additional benefits that prevent anyone above the meager limits from various avenues of additional help.
This is all solved by basic income but we spend an insane amount avoiding the simple solution because it’s not capitalistic.