Just over half of Americans over the age of 65 are earning under $30,000 a year, and it shows how stark the retirement crisis is
Just over half of Americans over the age of 65 are earning under $30,000 a year, and it shows how stark the retirement crisis is
All these comments blaming poor boomers for having to work part-time minimum wage jobs shows that capitalistism's propaganda continues to work by getting us to believe there is a generational war when we're really in a class war. Most of us here will be in the same boat, unable to stop working in our elderly years and unable to get a job with a real wage.
The comments I'm seeing are people making fun of broke retirees for voting against their own interests not for being old.
Do you think these underemployed elderly only exist in red states?!?
There is a generational war. The boomers waged it against all future generations. Boomers compose the vast majority of upper class.
The generational war against boomers IS the class war.
Get a fucking clue.
Yes, but also no.
They don't call it the 1%, or 2%, or whatever percentage you want to use for nothing. There is still a large portion of boomers, my parents included that drank the kool-aid and by kool-aid I mean the pick yourself up by the bootstraps and work hard and you will be successful bs. They along with the rest of the leftover portion of their generation are pretty much unable to retire, just like the article points to. That is the class warfare. It doesn't matter what generation they are from it really does boil down to the haves and have nots.
The true point of Capitalism is like a big game of monopoly at the end only 1 person is going to win. There really is no other way for it to go down.
a significant number of them under 65 are, too.
And yet they will vote for the party that wants to cut social security and Medicare. It’s hard to feel sorry for them.
How many of these own paid off homes? That makes a big difference.
Keep in mind to folks that medicare pays like 80% medical costs and you need to pretty much get a supplement that costs about what your work one would cost. So they will have to live on whats left. Where I live if you want to live in your own place and be at the level where nothing is to bad you need about 3k a month or 36k a year but you need more of that due to taxes so more like 50k a year. This is not an amount you can live luxurious on.
I'll give them the same advice that they gave me: Make coffee at home. Eat less avocado toast. Learn to live without.
Retirement, these days, is a scam to get people to waste their most fruitful years slaving away for corporations who care little for them in the vain hope that they'll finally get to live their lives when they're old and broken.
No elderly person deserves to live in poverty.
That said, there has never been a better time in human history to be old and retired. You've got the largest share of wealth that that demographic has ever had in history.
They should be fine, that's twice minimum wage, and they say that's enough to get by.
Well, yes, but they didn't think the leopard would eat their face