4 wk. ago • 99%

Report: Most Americans Have Enough Saved For Absolutely Incredible Single Day Of Retirement

theonion.com Report: Most Americans Have Enough Saved For Absolutely Incredible Single Day Of Retirement

WASHINGTON—Revealing that retirees have a lot to look forward to after exiting the workforce, the Federal Reserve Survey of Consumer Finances, published Wednesday, found that the majority of Americans had enough saved for an absolutely incredible single day of retirement. “By the time most people le...

11 comments

It's kind of "funny"

People shat on the various "working class" sitcoms over the years. Just look at how many people (time to show my age) pointed out that the Wilkersons* on Malcolm in the Middle brought it on themselves because any time they had any money or credit they blew it on stupid things.

And now people are living it. Because if you have no hope of saving up for the future... why bother trying? What will having even a couple hundred grand mean when you have to start hoping you die before that runs out?

I was raised to save for a rainy day and that is what I do. I max out my 401k every year and so forth. I am under no illusions that is going to give me a good retirement and understand it is more about having savings for even a moderate injury or to help me during an extended period of unemployment. And... I am not above blowing some of that cash on stupid stuff I don't REALLY need because it is an Experience that I can enjoy while I can still enjoy things.

32
- "Retirement" for me would likely require an 8 digit sum of money and a functioning economy in 40+ years. I don't anticipate having either.
  
  22
  
  At spending 4% per year, and assuming US Dollar, $10,000,000 would provide $400,000 per year to spend. Depending on inflation, may be a lot.
  
  3
- Permanently Deleted
  
  -1
- Good on you for saving.
  
  I used to feel that way too. Then things improved.
  
  -4
  
  Oh regale us more with your tales of bootstraps and avocado toast.
  
  Or don't. In fact, please don't.
  
  6
Might even be able to spring for lunch at the coaster park.

18
- If you're going to spend beyond your means like that I hope the government cuts handouts to people like you that don't want to work! /s
  
  6
"Most" might be a bit of an exaggeration

6
- I definitely don't
  
  5

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