The vast majority of genx have had their retirement savings raided over and over again. 2000, 2009, covid, now - each saw people raiding their retirement to make ends meet short term. It used to work in a 'well, we pull funds out of this now but we’ll be more diligent saving when times are good - "
the good times for most folks rarely came back. I know people in their late 40s and 50s who have basically nothing, and with little hope to keep their head above water, much less pour massive amounts of their income into making up for lost savings.
oh it’s gonna be a lot sooner than 30 years.
The vast majority of genx have had their retirement savings raided over and over again. 2000, 2009, covid, now - each saw people raiding their retirement to make ends meet short term. It used to work in a 'well, we pull funds out of this now but we’ll be more diligent saving when times are good - "
the good times for most folks rarely came back. I know people in their late 40s and 50s who have basically nothing, and with little hope to keep their head above water, much less pour massive amounts of their income into making up for lost savings.
The great part is that they’ll be blamed for it after all the shit they had stolen from them.