Just stuff like… houses, cars, health insurance, vacations, or retirement. No biggie.
In other words… the middle class will be subsistence living until they die?
You’ll have a phone (that constantly blames people you never see for all your problems and recommends grinding harder if you really want to stick it to them) and a cot at the workhouse with all the slop your gullet can handle. That sounds like America to me. :0)
From the article:
“However, with interest rates at historic lows and inflation on the rise, he said the real returns of these investments may not keep pace with inflation.”
Not sure if the author got the memo, but interest rates for CDs and other no-risk investment vehicles ideals for retirees and those on fixed incomes sit at around 5%. Better than the current ROI of 4% on post-retirement assets.
Not to mention interest rates are at 20+ year highs generally.
Taking this authors observations with a grain of salt.
This is easily fixable by government action.
But you need to stop voting Republican.
We all know it, but *damn it feels good to vote Republican*.
Patriotic. Strong. Nobody’s gonna tell *me* what to do.
One of the worst things we did as a nation was give the baby boomers socialism and then hide it from them.
This article sounds very optimistic. Very helpful article.
Income inequality will continue to widen. It started with globalization and the declining power of labor unions. You’re either moving up the income ladder or moving down.
5 years? Guess I wasn’t ever middle class.
So how does the economy not totally collapse id the majority of people cannot afford to stimulate it?
Eventually, we will have to figure out how to eat the rich in their bunkers.
9 comments
Just stuff like… houses, cars, health insurance, vacations, or retirement. No biggie.
In other words… the middle class will be subsistence living until they die?
You’ll have a phone (that constantly blames people you never see for all your problems and recommends grinding harder if you really want to stick it to them) and a cot at the workhouse with all the slop your gullet can handle. That sounds like America to me. :0)
From the article:
“However, with interest rates at historic lows and inflation on the rise, he said the real returns of these investments may not keep pace with inflation.”
Not sure if the author got the memo, but interest rates for CDs and other no-risk investment vehicles ideals for retirees and those on fixed incomes sit at around 5%. Better than the current ROI of 4% on post-retirement assets.
Not to mention interest rates are at 20+ year highs generally.
Taking this authors observations with a grain of salt.
This is easily fixable by government action.
But you need to stop voting Republican.
We all know it, but *damn it feels good to vote Republican*.
Patriotic. Strong. Nobody’s gonna tell *me* what to do.
One of the worst things we did as a nation was give the baby boomers socialism and then hide it from them.
This article sounds very optimistic. Very helpful article.
Income inequality will continue to widen. It started with globalization and the declining power of labor unions. You’re either moving up the income ladder or moving down.
5 years? Guess I wasn’t ever middle class.
So how does the economy not totally collapse id the majority of people cannot afford to stimulate it?
Eventually, we will have to figure out how to eat the rich in their bunkers.