Working longer won’t solve the retirement crisis — seniors need a ‘Gray New Deal’ to retire with dignity, this economist says
Working longer won’t solve the retirement crisis — seniors need a ‘Gray New Deal’ to retire with dignity, this economist says
Their gray new deal was killing off pensions and having people rely on 401ks.
And they voted for it in droves.
Honestly pensions shouldn't be tied to private accounts, whether they're owned personally or by corporations. There's too much fuckery for profit.
Retirement age in the US should be 60 for everyone, not based on tiers of what year you were born. We have some at 65 and some at 67, this is wrong, unethical.
And ALL Americans should be required to pay into the system regardless of the income you make. If the wealthy paid their fair share we would have less problems in the system. And yes, they would be eligible to collect retirement like anyone else.
And ALL Americans should be required to pay into the system regardless of the income you make. If the wealthy paid their fair share we would have less problems in the system. And yes, they would be eligible to collect retirement like anyone else.
Woah there, internet friend. Getting the wealthy to pay their faire share sounds awful like communism. This is America, were the rich can do whatever they want.
[grabs sickle and hammer and begins chasing the US oligarchs]
If old people wanted to Retire they wouldn't be the Largest Republican Voting Block in America.
And the ones who voted Democrat should have chose someone better than Joe fucking Biden in the primaries. But no they're a bunch of selfish uncompromising assholes.
How about make it so young people can afford to live and they might be more excited about working.
This is capitalism in action folks. Siphon all the money up to the top. Whoops, no one can afford to live now. Oh well.
Super sustainable!
It’s the young that are fucked not the old
It's not really young or old that are fucked. It's still the poor and rich, and guess which one is fucked. Over time the wealth gap is widening which sucks for younger people. But it's still a rich and poor problem, and I think we should have sympathy for those with financial insecurity regardless of age.
Ok yes I agree good point. Just like the left vs right instead of rich vs poor… I can’t get through to my parents or uncles on this so it’s pent up. I just don’t want there to be some we have it the same when I just haven’t experienced that
We both are.
fuck. here we go.
you think this money to help them retire is coming from the government? no. lol.
It's coming from us. filial responsibility laws are already on the books. if you can't fund your own retirement, get it from your kids before you're allowed to get anything from the state.
your boomer parents will reverse mortgage their house, liquidate everything, then come for your paychecks like child support, until you're tapped out permanently. they won't do it maliciously, not directly, they'll do it because it's a "requirement" of properly retiring. sorry hun, it's the law, I wouldn't if I didn't have to!
they'll drain you and keep you drained until they die. if we're lucky, the state then won't turn around and suck the state-paid care debts out of you as unfurnished filial debts.
Lucky for me my mom died before she could reverse mortgage her house! Free house y'all.
Oh I know! We could get together as a society, through our government and socially pay for a security fund. For those that retire. We could call it social security! No one would ever be against that. Taking care of our elders and those who've worked their whole life. /S
It's extremely sad that we are going to have to learn this lesson, again.
an economist did a video the other day on how solvable it is. The gist, the shortfall is on a 75 year projection, and there are multiple ways of solving it, but working longer only gets 40% of the way there. So given the trade off on quality of life for people vs solving it in the many other ways, that seems like a shitty strategy. Also you need the politicians to do their part..
What if we killed everyone on their 65th birthday?
It seems way more fair than letting the privileged quit early and the vulnerable suffer
Social security? That they paid for?
It's their fault that they were dumb enough to go along with whatever lie the system pitched them in their days. And they're suffering for it.
Still don't trust economists
... fucking yes it will. Not 100% "solve" but greatly mitigate. This is very basic making an income helps you live.
We can also revisit the problem that retirement used to be your last 5-10 years in life, now it's up to 20.
Living longer absolutely fucked a lot or retirement calculations. Making it to about 80 isn't that crazy anymore, pensions weren't prepared for that and 401Ks are likely less prepared. Living on 100% passive income from about 60 to death isn't realistic, and it's not just stolen value of labor, most financial planning wasn't focused on a 20+ year retirement.
The ageism in this thread is starting to get appalling. Apparently the working class only deserves sympathy and help if they are under 35 years old currently.
It's not ageism, it's specific to the generation in question: boomers. It's the selfishness and hypocrisy that we've been dealing with for our entire lives and we're over it.
You're acting as if there's not a plurality of opinion in that cohort. And it's also about Gen X who is about to hit that retirement cliff being discussed. It's also about class and questions of forced retirement because bodies no longer allow folks to work that allegedly claim they would if they could.
And if we are making morale arguments about human dignity and what society should do, that applies to these older generations as well despite their previous political contributions.
There are so many boomers on Lemmy that come out of the woodwork when topics like this come up. It's honestly surprising to see such a large population online outside of Facebook.
Lol. Not a boomer. Just wait until you have parents late in retirement and have declining health. If you care enough to care for them you'll realize the amount of stress and work it takes.
Remember, boomers voted against their own interests for decades. Now the chickens are coming home to roost.
The boomers aren't a monolith. It's millions of people with different experiences and actions throughout their lives.
Did a large number vote/legislate themselves into this problem? Yes. Are millions of others also along for the ride despite not supporting this system? Also, yes.
The issues in this article aren't even applicable to boomers exclusively. Gen-X is a big portion of the population mentioned in the article. This isn't a generational problem, it's a class problem.
And don't forget the fact that if these systemic issues aren't addressed, we'll all face the consequences.
Get out of here with your nuanced take. Where do you think you are?
Actions have consequences.
Those who were taken along for the ride and actively voted against these are a small minority. I can see some benefit of helping them but would need to see what percentage of them actually need it.
The rest of them fucked around and need to find out or we're just going to keep doing this shit generation after generation. Those on the lower end of the socioeconomic scale have happily voted for regressive policies. Fuck'em.
They already fucked our planet, I owe them nothing. We owe them nothing. They owe us.
Let them eat cat food.
It's always they're not a monolith and true enough but if a literal vote doesn't represent the overall will of the group then that's implying thay democracy doesn't work. If most of them voted for this then thats what most of them wanted. We have exit polls and data on this, it's not as if anyone's attributing to a group characteristics that only a few of them have, it's the clear majority, year over year.
No dude if we can just get rid of the
JudenBoomers, all of our problems will be solved because theJudenBoomers are all responsible for every problem inThe ReichAmerica.Millions of them voted for Biden in the primaries. They insist on perpetuating these problems because they're selfish uncompromising pieces of shit.
And because of the ponzi scheme that is social security, future generations will be fucked out of their own retirements.