I don't think puting away $2,000 a year for retirement is going to work.
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As long as your retirement is a long weekend you'll be fine
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It definitely couldn't be that the boomer generation destroyed our global economy and then resisted all efforts to repair it, while sabotaging all proposed safety measures to prevent or diminish such occurences
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Because we must almost completely rely on 401-Ks for retirement planning, even though they were designed to supplement, not replace, pensions?
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Because 5 and 3/4% interest on savings used to be safe and available at any bank.
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It's almost as if corporations have been directing windfalls at investors instead of workers, depressing wages and making it harder to save for retirement
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Because our debt-based economy is designed to gradually funnel the money into the already-filled pockets of those who designed it?
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Is that downslope from the 2008 stock market crash? That hurt big time.
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It's because 45-50 year-olds got totally screwed. College exploded in cost, but you had to go, so you borrowed. Pay stagnated from working age on. Health care costs skyrocketed. Housing costs skyrocketed. Pensions disappeared and retirement is now in the hands of a rigged market.
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With GOP actions like the
#Eisenhower start of borrowing from Social Security,#Reagan “Trickle Down” economics and the attack on labor unions and non-union wages through to#BillClinton deregulating banking to boost lending in housing market...This paved the way.#BothPartiesThanks. Twitter will use this to make your timeline better. UndoUndo
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Try surviving when you can't get a tech job after the age of 40 and you still have over $100k in student debt. STEM you say? Fuck that!pic.twitter.com/sHlfIWlE7l
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Because they didn't live in the 1960s. Could get an apartment, pay your bills, buy food, go out to dinner once a werk, go to college, buy a car. Buy a house.Could live on one salary. Have a savings account. Afford car insurance. Eat steak once a week. Ahhh. Memories
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Because the Boomers were fucking US over before it was cool.
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BECAUSE WE'RE TOO POOR TO RETIRE OR CONTINUE TO LIVE IN OUR HOMES.
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Because their finances are in shittier shape.
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Because of decades of liberal Dems irresponsible tax and spend agendas. Huge influx of illegals also absorbing disproportionate welfare funds.
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Tax and spend under Democrats has produced less debt than the Borrow and spend policies of the GOP. Things started heading south when Reagan brought trickle-down to the forefront like in the 1910s & 20s. History is repeating itself. Welfare to corps surpasses welfare to people.
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Nice prose. Unfortunately wrong.Last 8 years Obama added ten trillion in borrow and spend + raised taxes. Reagan ‘s “trickle down” actually effective in terms of growth, prosperity, jobs. Read a book, study something-stop wildly repeating partition foolishness.
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