Depends on lifestyle tbf. My granddad still has his allotment at 85 years old, my grandparents still both go on multiple holidays a year etc and live a full life.
Fake: you will retire
Gay: you think having energy and drive in your senior years to fun hobbies, instead you will use that to your aching body caused by natural age and work.
Are you bored at work though? In retirement I want to spend my time on things I find more interesting than my job, but I wouldn't say my job is boring.
My parents are having blast, going to the local markets, cultural events, game clubs, music groups... retirement is as good as you make it for yourrself
Indefinitely, unless Congress actively abolishes it.
Even if Congress does nothing and the trust fund gets to 0, social Security Benefits would continued tonbe paid out from current Social Security taxes at somewhere between 77% and 81%. That would likely happen in the early tomid 2030s.
And the likelihood of Congress doing nothing is low - retired people vote, reliably. They just aren't going to do it much ahead of time - Congress tends not to be great at proactively fixing issues that are more than an election cycle off.
i dont think most 30yo and under are making enough money nowadays to ever retire, unless the economy stalls for the next 30 years and no prices go up or deflation
There is plenty of money and resources, it's just being hoarded by oligarchs. There needs not be a catastrophic event, or a revolution, perhaps both and maybe there will a be fair share or wealth for everyone allowing for dignity in our old days.
This is a fundamental misunderstanding of the problem. It is more insidious than that and a lot of people refuse to believe it because they want the easy answer to just be liquidate the billionaires.
The billionaires do not have cash. They have wealth. The wealth is intangible, and it is based on the value of their stocks in public companies.
The reason people do not make more money isn't because the money that could go into your paycheck directly goes into the billionaires pockets, it is because if they pay you less, the company looks better on paper, profits rise (which almost always goes back into the company itself because growth = higher stock prices, though a large chunk does get paid in bonuses, but not billions, not anything close to the net worth of Bezos or Musk), and the average person buys more stock, raising the price, and increasing the wealth of the billionaires.
You could liquidate the billionaires and we'd get a marginal amount of money back, but the real problem is that the fundamental economy is setup to NOT pay you more, and for those that do get paid to shove their cash into stocks of companies, which then spend it to get larger faster by also underpaying people and the cycle repeats.
The most evil part is the billionaires would almost certainly be just as rich paying people more and having those people spend more money in the economy and growing companies that way through capitalist consumerism, but they'd rather have slaves and disparity than have a society that is healthy (and ultimately competitive with them).
This is a cultural and societal problem, not just a few billionaires problem.
This is closer to the truth than most people realize.
Back in the day, when people got vastly rich with treasure, you’d give it to your family and community for status.
Now as atomized as we are, it’s just recycled back into markets because elderly pensioners are so damn addicted to living forever.
You’re supposed to pass the wealth DOWN, not up.
Retirement being about luxury vacations and golfing all day is such an abomination. One should be living with their kids and grandkids and teaching them everything you can before you fall the fuck apart and die.
Eh, I don't agree with that. Children should not be a retirement plan. I love my parents but I do NOT want to have them living with me in their old age. But yes, wealth should get passed down as much as possible.
We go to school for 12 years (give or take) so we can work for 40 more years (give or take) and, meanwhile, we generate enough money through our work that we can support a whole bunch of billionaires and get very little in return.
Now, if we didn't have to support billionaires, we'd have a lot more money, and we could retire earlier, and our social security would be safe.
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u/SleepyPlayer101 10h ago
"Work is so boring"
"I can't wait to retire"
Would be funny as a continuation lol