Many of the elderly retirees are already forced to choose between living in a vehicle or paying rent and starving. If SS is still a thing by the time im old enough to retire that monthly check wouldnt be enough to even afford a hyperinflated big mac let alone rent.
NGL im kind of halfways on that. Yes obviously thinking about investment and ways to make up passive income or even start your own buisness are the best ways to plan for a healthy retirement fund.
But people who come from poverty, poorly educated to begin with, poor financial mindset, and just scrapes each week are going to have a much harder time of it and if they try they usually fall for an MLM scheme. Its easy to judge these people and go ‘well your financial failure to save up is your own fault you idiot’ but Ive had enough poverty stricken friends to know that the deeper the hole you are born into the harder it is to climb out of even with honest work and educating yourself through the internet.
Either earn enough or become super frugal and cut down on the expenses to the point you can actually save with what you make The biggest thing a single person can do to reduce their expenses is cut out the rent payments by living in a vehicle for a bit while working and use that money to pay it off. But obviously not everyone has the mental fortitude to adapt to such a radically different lifestyle or freedom from responsibility to do so even if they wanted to.
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !aboringdystopia@lemmy.world
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
–Be a Decent Human Being
–Posting news articles: include the source name and exact title from article in your post title
Many of the elderly retirees are already forced to choose between living in a vehicle or paying rent and starving. If SS is still a thing by the time im old enough to retire that monthly check wouldnt be enough to even afford a hyperinflated big mac let alone rent.
ShOuLd HaVE saVeD sOmE DAmn mOnEyyy…
NGL im kind of halfways on that. Yes obviously thinking about investment and ways to make up passive income or even start your own buisness are the best ways to plan for a healthy retirement fund. But people who come from poverty, poorly educated to begin with, poor financial mindset, and just scrapes each week are going to have a much harder time of it and if they try they usually fall for an MLM scheme. Its easy to judge these people and go ‘well your financial failure to save up is your own fault you idiot’ but Ive had enough poverty stricken friends to know that the deeper the hole you are born into the harder it is to climb out of even with honest work and educating yourself through the internet.
Exactly. You have to earn enough in the first place to save enough.
Either earn enough or become super frugal and cut down on the expenses to the point you can actually save with what you make The biggest thing a single person can do to reduce their expenses is cut out the rent payments by living in a vehicle for a bit while working and use that money to pay it off. But obviously not everyone has the mental fortitude to adapt to such a radically different lifestyle or freedom from responsibility to do so even if they wanted to.
“life is too expensive to be sustainable…”
“HAVE YOU TRIED BEING HOMELESS?”