return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 4 months agoTypical US worker has less than $1,000 saved for retirement, report findswww.nirsonline.orgexternal-linkmessage-square28fedilinkarrow-up1138arrow-down13cross-posted to: [email protected]
arrow-up1135arrow-down1external-linkTypical US worker has less than $1,000 saved for retirement, report findswww.nirsonline.orgreturn2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 4 months agomessage-square28fedilinkcross-posted to: [email protected]
minus-squareTriasha@lemmy.worldlinkfedilinkarrow-up1·4 months agoThat’s deeply unfortunate if you were planning to retire next year, but you might just have to live simply for a few years while the market recovers. Otherwise, no big deal unless we reach Russian or Argentinian levels of collapse. That’s possible. The East Asian demographic cliff, a US debt crisis, global soil collapse, there are plenty of imaginable scenarios. But none of them have happened yet, unless you live in Argentina or were a Soviet citizen. The west could continue to get lucky.
That’s deeply unfortunate if you were planning to retire next year, but you might just have to live simply for a few years while the market recovers.
Otherwise, no big deal unless we reach Russian or Argentinian levels of collapse.
That’s possible. The East Asian demographic cliff, a US debt crisis, global soil collapse, there are plenty of imaginable scenarios.
But none of them have happened yet, unless you live in Argentina or were a Soviet citizen. The west could continue to get lucky.