All posts need to have the same title: me_irl it is allowed to use an emoji instead of the underscore _
Hahahahahahahahahaha
Do you think we're actually going to survive the next 30 years?
We are putting as much energy as 13 fatman bombs into the planet's environment EVERY SECOND.
The only time in the past 25 years we weren't putting energy into the system, and the earth could radiate out more energy than we put into it, was summer 2002.
Now I'm curious, what happened in summer 2002?
Nothing, but it was the first period in the last 25 years.
The same thing that happens every generation to the god-awful number of people who never had hope of retiring to begin with.
ITT: people who are just realizing why democrats and republicans are working together to enslave Americans.
you will never retire and will die happy knowing your life was in servitude of the ruling class.
Same thing that happens to the people who have no savings now when they reach state retirement age. They simply can't afford to, and have to continue working.
Unfortunately retirement is as much a financial state as it is an age.
Bold of you to assume that retirement age means anything or is some fixed time when one has to stop working, working becomes illegal or that the society is even stable enough to allow such a thing.
We're all just going to keep on working until death.
I already encounter way more old people in poverty than the alternative. They certainly seem to outnumber the ones doing well.
That's assuming that we're still here in 30 years, and not living is post apocalyptic wasteland
Climate wars are here, we just don't recognize them as such.
America is already blockading Cuba and ran a hostile takeover of Venezuela, america also destabilised Iran in the 50s or thereabouts was because they wanted to privatise and keep their own oil, so they did a bit of their 'regime change' and suddenly the heavily oppressive highly religious leader is happy to sell oil to big america.
We've been in the resource wars for a long while.
Go back just a bit further to when Britain invaded Iran for full accuracy.
Soo prime for revolution
pretty good here in Australia, we have superannuation which is basically like a forced savings account so when you retire you get a nice little present
Except everyone's looking for ways to spend it science covid.
There are ads on YouTube now for Self Managed Super Funds that allow you to ~~gamble~~ invest in stocks, ETF's & I dread to think what. Prediction markets?
Edit: super is still a pretty good idea.
Well it's either you gamble it or you pay them to do it for you. If you just go s&p500 and vanguard world anyway might as well do it yourself and save some fees.
Industry super funds usually have super low fees and a fairly conservative investment strategy. Theres AUD$4.5trillion invested between them all
For once the UK system looks ok in the world; our ’forced savings’ of ‘national insurance’ paid as a tax style deduction on wages can’t be touched till state retirement age, so you’ll get it when you retire and it’s paid monthly not a block. It used to be set at 65, now it’s on a rising rate for people retiring in the next years. I’m in a group that will need to be 67. It’ll be really basic, and a private pension is expected in addition if you want to have a nice retirement rather than just managing.
Think of super as the same, but you employer matches your forced contributions and, up to a limit, voluntary ones.
Better then, for us to get an employer contribution, at least a visible one as they pay tax on employment as well, you go to a private scheme in addition to the state one, but then that’s where some people may not have that, and be reliant on state only.
I heard you can pick and choose where your supers go, so you'd be able to actively 'vote with your wallet' by pulling it out of companies you didnt like, is that actually a thing or am I misremembering a jordies vid segment from years back?
sure is :)
I'm with Rest since they were recommended to me working at my first job and they seem pretty competitive and then yeah it's basically just the same as picking ETF's, where you go based on your risk levels you want to take, if you're young pick the riskiest, if you're older and about to retire pick the safest
I am 100% in Sustainable Growth ofc
Maximise returns over the long term by investing in a diversified portfolio with enhanced environmental, social and governance investment characteristics that is weighted towards growth assets.
https://rest.com.au/investments/options/compare#super
You can also self manage your own super but I think only around 5% of people do that
Well let's not presume to know, instead ask yourself which two groups of society won't care at all:
Rich people won't care because their children will have inherited enough to be set for retirement.
The children of rich people, because their parents were able to save for retirement.
Well and those who earn a decent living because their parents were rich and able to provide a decent education which allows staying above the current job market Like me.
I won't be able to afford a house ever. But if I prioritize earning over my health its gonna be enough. But I already have to choose between providing a decent education for my three children or retire at more than the absolute minimum.
Hopefully we'll vote better.
Everyone here in full time employment gets auto enrolled on a private pension when they start work and companies legally have to pay in. If and when they move to a new employer, that pension remains in place and their new employer must either add a new one or pick up the existing one. Been like this since about 2010.
Is this really you irl?
I'm can officially retire in about 13yrs or so. Probably not getting much anyway as I maybe worked a year in toto my whole life. As I unofficially retired in my mid 20s and luckily don't need to worry and will donate my governmental retirement-funds.
But comparing the newer generations with e.g. the boomers or ealier is sickening. How much would one need to work in a well-paying job just to be able to live semi-comfortably in retirement? And what if you're us-american or from some other semi-civilized country...the world sucks.
A massacre