Saw video that can give us reason why many boomers do not want to retire. Because many boomers do not have savings.
45% of baby boomers have no retirement savings.
@basedbagel @Stahesh Their only asset is their house . And their retirement plan is sell their house .
Step 1: Sell house 🏠 to retire
Step 2: Be homeless
Step 3:??????
Step 4: Profit?
@basedbagel @ugly_bastard_reborned When that happen I hope the price will be the price they bought it for.
@Stahesh @basedbagel Exactly. They don't have a plan . Nor savings .
@Stahesh
And then wonder why we don't listen to them SMDH
@Stahesh my entitled ass mother thinks her parents are going to leave her millions so she has saved nothing and is mid 60s 🤦🏻♀️
@DameAtomicGinger That is pure stupidity.
With retirement savings I count on no one.
Even if parents were rich that does not mean that they will give it to you or that they will not waste it before they die.
@Stahesh she has absolutely no sense just unicorns and mermaids and my daddy’s rich. I’m 38 and have now started to save for her care. However even though jobs prayer karma and hard work has landed me an awesome job, the way they are devaluing our dollar even if I saved 1000 a month for 20 yrs I could only buy a mid sized house now. What’s that going to look like in 20 yrs. The one I’m in now in the ghetto is up almost 100,000 in 15 yrs. We are so fucked &they just keep going 35 trillion now. 🤬
We are getting so close of total collapse.
Where we know we are beyond saving and know that this shit will brake. But yet so far from collapse.
as 26 I know I would need to get at least above average income or need second stream of income to have same standard as previous generations to keep up with inflation.
So I would need to have job, investments and start business to have family and to think of supporting parents.
@Stahesh
Pathetic