General Discussion

Johnny2X2X

(24,373 posts)

22. No future

Mon Jan 15, 2018, 03:41 PM

Jan 2018

Many Americans simply have no future when they can retire. I am in my 40s, most of my friends have saved nothing for retirement, they are hopeless at this point. They're looking at retiring on social security when they're 70 and eking out a miserable existence until they die. Myself, I will struggle too, but at least I'll have some investment income and hopefully a paid for home.

By age 50, you should have 6X your income in your retirement account, I won't be even close and I am much better off than most. We need to strengthen social security and increase payments.

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10 Things getting out of reach for the Middle Class [View all] packman Jan 2018 OP

MLB games with the family... lapucelle Jan 2018 #1

+1 uponit7771 Jan 2018 #18

Around here the cost of food continues to soar. Incredible. n/t RKP5637 Jan 2018 #2

But All The Extra Money We're Going To Get In Our Paychecks From The Tax Reform..... global1 Jan 2018 #4

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creme brulee' mikeysnot Jan 2018 #32

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only in my house... mikeysnot Jan 2018 #35

I don't, actually. Was just pricing them to see the cost. dixiegrrrrl Jan 2018 #42

Wow. Guessing either they're better quality or I Hortensis Jan 2018 #37

The cost of food is what I've noticed going up, too. Vinca Jan 2018 #11

Cat litter adds up, too, especially if you have more than one cat, and if you tblue37 Jan 2018 #12

One reason to love Costco shanti Jan 2018 #14

What a sad list. CrispyQ Jan 2018 #3

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yep, barbtries Jan 2018 #8

Fear it? I think we're already in it! Initech Jan 2018 #16

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no i mean another great depression. barbtries Jan 2018 #39

I'm surprlsed they didn't include owning your own home TexasBushwhacker Jan 2018 #9

Living paycheck to paycheck left-of-center2012 Jan 2018 #10

IMO it's going to get worse. Algorithms are squeezing out every last dollar/penny for many. It's RKP5637 Jan 2018 #19

I am in that demographic and living paycheck to paycheck. Vacations are out of the question for me smirkymonkey Jan 2018 #21

I live on $14,000 a year Social Security (about the national average) left-of-center2012 Jan 2018 #30

How do you survive on $25 per month for food? smirkymonkey Jan 2018 #36

I spend my S.S. on food ... left-of-center2012 Jan 2018 #38

If my household made $75,000 a year we'd be living a LOT better misanthrope Jan 2018 #27

I am lucky Johnny2X2X Jan 2018 #13

If Americans would wake up, this could be cleared up in several election cycles, but far too RKP5637 Jan 2018 #17

No future Johnny2X2X Jan 2018 #22

Yep, agree! Well said!!! n/t RKP5637 Jan 2018 #26

Great Depression II: Electric Boogaloo Die Harder Initech Jan 2018 #15

This entire bubble is going to burst with great fallout! n/t RKP5637 Jan 2018 #20

Yes I agree - if Cheeto gets re-elected FakeNoose Jan 2018 #28

I feel like we've been there since Bush got elected. Initech Jan 2018 #33

Sounds like the Democrats running in 2018 have a lot of topics to discuss eh?? a kennedy Jan 2018 #24

House should be on that list, it's hard coming up with 30 grand down. sarcasmo Jan 2018 #40

In many places just Rent is getting out of reach Johonny Jan 2018 #41