Worried about retirement? Jump down ‘one of the darkest rabbit holes’ and you’ll find plenty of company

Nothing adds up‼️

Holiday spending hit record highs, many people save their stimulus checks, the stock market ran with the bulls in 2021.

True, many people were hurt and are hurting badly in 2021, but many more are not.

Not saving and planning for retirement is not a 2020 pandemic phenomenon, that’s merely a convenient excuse. It has more to do with ongoing spending and related lifestyles.

Planning for retirement is a forty-year process involving good times and bad.

But in all seriousness, it’s not hard to see why there’s so much “darkness” out there. The percentage of workers living paycheck to paycheck stands at 37%, according to a recent survey from Willis Towers Watson. Nearly a quarter of respondents said their finances have worsened over the prior six months, and 37% admit not being able to pay bills.

It’s not just the youngers who are stressing about all the uncertainty that lies ahead. Among workers ages 50 and older, 25% said they now expect to retire later than planned, with 35% expecting to retire at 70 or older. No wonder the likes of salamdereere are thinking outside the box. “My saving strategy: ‘If I buy this item, will it hold enough value to barter during the water wars, fallout, economic collapse, solar flair…etc?’” he wrote.

Source: Worried about retirement? Jump down ‘one of the darkest rabbit holes’ and you’ll find plenty of company – MarketWatch

2 comments

  1. Not to worry though. The ever increasing army of progressives in government will see that those of us who sacrificed to save and invest for future financial needs will be labeled as ” lucky and rich.” Our investments and savings will be taxed at ever increasing rates in one form or another to be redistributed to those who did not see fit to think about the future. Instead, they built 5000 sq ft homes, traded cars every 5 years, went on $5000 Disney vacations, took out student loans for Art History degrees, and generally squandered their incomes on current consumption. I find it difficult to generate much sympathy for them. Incidentally, politicians and many people refer to the aforementioned things as living the American Dream. They are wrong. It is Life, Liberty and the Pursuit of Happiness. Equality of outcomes is not mentioned.

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    1. “student loans for Art History degrees, and generally squandered their incomes on current consumption”

      Ir’s beyond me what Art History has to do with current consumption. It’s beyond me why present day conservatives think education is improved by giving up the classical ideal of History, Philosophy, Latin, Euclidean Geometry, in favor of shop drawing, welding, Cobol and Java programming.

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