General Discussion

mucholderthandirt

(1,783 posts)

92. Saving *what*, exactly? I spend nearly every dime I get on bills and food. What's left? Where should it go?

Reply to New Breed Leader (Original post)

Wed Mar 5, 2025, 01:14 PM

Mar 2025

In the banks that are going to fail? Into crypto? Into the stock market?

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Former Commissioner of Social Security Administration: "People should start saving now" [View all] New Breed Leader Mar 2025 OP

Yup, republican health plan dhol82 Mar 2025 #1

It is their Concept of a plan MagickMuffin Mar 2025 #8

Save fucking what? Money from $7.50 an hr federal wage? Jesus n/t leftstreet Mar 2025 #2

Read more than just the headline. W_HAMILTON Mar 2025 #9

Oh, save money from their huge monthly SS checks? Pfft leftstreet Mar 2025 #12

It's not a "let them eat cake" comment -- it's him warning what he thinks is coming and to be prepared. W_HAMILTON Mar 2025 #13

It's tone deaf in the extreme n/t leftstreet Mar 2025 #17

What do you think he should have said? Mariana Mar 2025 #83

He should approach Congress leftstreet Mar 2025 #84

He's not in charge anymore! yardwork Mar 2025 #91

Of course it is Cirsium Mar 2025 #27

This leftstreet Mar 2025 #34

Of course it is NOT. W_HAMILTON Mar 2025 #89

Not what? Cirsium Mar 2025 #90

Good advice. We may have to tighten our belts a bit while we fight these fuckers. Magoo48 Mar 2025 #41

How can us retired seniors "save" non- existent money if we have no SS checks coming in? kerry-is-my-prez Mar 2025 #80

Where? Cirsium Mar 2025 #24

Going to be a lot of unhappy kacekwl Mar 2025 #56

The first job I ever had was a temp. full-time Federal job CountAllVotes Mar 2025 #28

My plan is simple: The day after my SS deposit doesn't deposit, I will file 3Hotdogs Mar 2025 #32

Sounds like a plan to me. I owe about 10% of that amount but they won't Bengus81 Mar 2025 #53

Going Rebl2 Mar 2025 #3

WTF ? dweller Mar 2025 #4

I hope you didn't read the poster I just replied to's dismissive comment downstream. OMG... hlthe2b Mar 2025 #16

It's going to be Mad Max out there The Madcap Mar 2025 #5

Words right out of my mind! ReRe Mar 2025 #58

After they steal everything the government owns, and our SS, IRAs, pensions, bank accounts bucolic_frolic Mar 2025 #6

What percentage of Americans COULD actually do THAT? hlthe2b Mar 2025 #7

Actually not true Johnny2X2X Mar 2025 #10

Well aren't you just being GD callous and dismissive to the millions of Americans WHO CANNOT do so. hlthe2b Mar 2025 #15

Posting misinformation doesn't help anyone Johnny2X2X Mar 2025 #18

Adress the FACTS, Johnny2x2x. Not your comfy personal situation. hlthe2b Mar 2025 #20

I literally addressed the facts Johnny2X2X Mar 2025 #26

Post removed Post removed Mar 2025 #29

Post removed Post removed Mar 2025 #33

Glad your bank accout is stuffed,but that is NOT the reality for most of the 71M on SS Bengus81 Mar 2025 #54

"thinks (sic) aren't as dire for most people." llmart Mar 2025 #65

Don't be so hard on the guy.... usedtobedemgurl Mar 2025 #73

As the article tells us, it was the best economy for the upper 10% who own 92% of the equity questionseverything Mar 2025 #67

Is that personal savings per individual or aggregated personal savings across the economy? Orrex Mar 2025 #62

Most of the people commenting are using personal anecdotes and Fed averages for savings. erronis Mar 2025 #35

Thanks for the heads-up but saving what? BeyondGeography Mar 2025 #11

Social Security was NEVER intended to be PoindexterOglethorpe Mar 2025 #14

3 legged stool Johnny2X2X Mar 2025 #19

And they are trying to do away w/ 401s too! I read that somewhere, so where are we supposed to save, if SWBTATTReg Mar 2025 #61

Post removed Post removed Mar 2025 #64

uNiOnS dEsTroyEd pEnSionS! SamuelTheThird Mar 2025 #71

Of course. All those minimum wage employees or those who constantly faced corporate layoffs hlthe2b Mar 2025 #21

Shooting the messenger doesn't help. BannonsLiver Mar 2025 #52

I guess I shouldn't resent someone who made as much PoindexterOglethorpe Mar 2025 #66

Of all the targets ripe for 'resentment' SamuelTheThird Mar 2025 #72

Remember a non trivial part of SS is disability dsc Mar 2025 #22

This message was self-deleted by its author erronis Mar 2025 #36

SSI wanderer54 Mar 2025 #40

We DID have savings. Then an accident. Then the medical bills piled in. Then the hospitals Ziggysmom Mar 2025 #23

You explained the problem in a very human and relatable way. Except for those filthy rich thieves. erronis Mar 2025 #37

Well said..........n/t Bengus81 Mar 2025 #57

There are those who've seen their savings wiped out repeatedly ... Dave says Mar 2025 #25

I think there was something stillcool Mar 2025 #47

READ THE ARTICLE markodochartaigh Mar 2025 #30

They've installed backdoors into the SSA. Every penny will be siphoned off to support putin/musk. erronis Mar 2025 #38

What article? Cirsium Mar 2025 #39

The article is way worse, it just confirms the bad news New Breed Leader Mar 2025 #44

Exactly Cirsium Mar 2025 #46

We need to cut back our spending... pandr32 Mar 2025 #31

Austerity? Cirsium Mar 2025 #45

And that will mean they will have to rely TexasBushwhacker Mar 2025 #60

All of us Cirsium Mar 2025 #63

No. ALL of us. pandr32 Mar 2025 #68

True Cirsium Mar 2025 #69

If it's 60 days out, that's just in time for our slightlv Mar 2025 #42

If those "glitches" cause loss of trust it'll Mr. Mustard 2023 Mar 2025 #43

Save your money under the mattress BidenRocks Mar 2025 #48

In P25, they want to roll FDIC into another agency usedtobedemgurl Mar 2025 #74

I use credit unions. BidenRocks Mar 2025 #82

Did they explain how Credit Unions are "trump proof?" Sogo Mar 2025 #86

The FDIC came about in 1933 by FDR BidenRocks Mar 2025 #87

You think town halls are something NOW?? Wait until SS starts getting trashed Bengus81 Mar 2025 #49

I've said it before and I'll say it again: They'd need a bulletproof Buns_of_Fire Mar 2025 #78

I have a MAGA rep in my district. Initech Mar 2025 #79

of couse, we haven't been able to save enough to survive this presidency bigtree Mar 2025 #50

My guess is that most people on Social Security don't have the resources to save that much.? scarletlib Mar 2025 #51

Right. The time to save was long ago if you already draw SS. GoodRaisin Mar 2025 #70

One way to focus the attention of the banking and financial community dobleremolque Mar 2025 #55

That Is A Good Idea Baron2024 Mar 2025 #88

save with what? save with what? i get amount redacted . how am i supposed to save with what i get? huh? AllaN01Bear Mar 2025 #59

IF their goal is to destroy our country the fastest way possible bluestarone Mar 2025 #75

A Must-See Post. Kicking, and recommending highly Mike 03 Mar 2025 #76

Those of us on SSI aren't allowed to save synni Mar 2025 #77

I was going to post the same. I'm on SSI due to disability. By the rules, we can't save! Akoto Mar 2025 #85

If that happens ThoughtCriminal Mar 2025 #81

Saving *what*, exactly? I spend nearly every dime I get on bills and food. What's left? Where should it go? mucholderthandirt Mar 2025 #92