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submitted 1 year ago by yogthos@lemmygrad.ml to c/worldnews@lemmy.ml
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[-] ATQ@lemm.ee -2 points 1 year ago* (last edited 1 year ago)

If you want the government to pay for your “retirement” then the retirement age is 66. But you can retire literally whenever you want as soon as you have the resources. Which might be in your late 40s or early 50s depending on education, career, and personal goals.

Also keep in mind that “life expectancy” is an average that is reduced by men that die from car accidents, strokes, and whatever else much earlier than 66. The life expectancy of a 60 year old male in the US is 80.

[-] yogthos@lemmygrad.ml 12 points 1 year ago

Average American has around 100k of debt, and over half the population can't afford an unexpected 1,000 expense. What that says is that people are barely making enough money to make ends meet, the chances of them saving enough resources to stop working are nil. Only a tiny percentage of the population is going to be retiring at all.

[-] ATQ@lemm.ee -5 points 1 year ago
[-] yogthos@lemmygrad.ml 14 points 1 year ago

Yes, the boomers got theirs, young people today don't have the same prospects. What part of that are you struggling with?

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this post was submitted on 20 Aug 2023
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