this post was submitted on 03 Oct 2023
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[–] Lucidlethargy@sh.itjust.works 0 points 2 years ago (1 children)

Lol 10-15% of our income? I'm sorry... But who can afford that? We're getting so fucked right now by greed in this country...

My power bill was $500 last month for a two bedroom apartment. This is because I live in a city with the highest energy rates in the nation, all because the company and our local governments are absolutely lousy with corruption. They have posted obscene record profits for the last half a decade while everyone in the city suffers.

My rent was also 21% higher this year than it was in 2020. My landlord bought this place a decade ago at a bankruptsy auction, but like, fuck me right? Gatta keep those rates up when the rest of the city goes up.

I also haven't saved money since around 2019, since I went four years with a 0% raise due to the company I work for struggling. We were bought out by another company with tons of money, but they decided we were overpaid, since they live in a cheaper city.

My story is not unique. My story is not special. I hear a similar one from people every week. Retirement is a luxury most post-boomers will never experience, no matter how hard we work.

[–] Asafum@feddit.nl 0 points 2 years ago (1 children)

I've never owned a gun in my life. The day I go to buy one is the day I start planning for my "retirement."

I'm still doing the 401k thing and trying to save on the side, but just like homeownership, retirement is for "other people," not me :/

[–] afraid_of_zombies@lemmy.world 0 points 2 years ago (1 children)

I work in heavy industry. One day I am going to get back medical tests results that I don't like. The next week there is going to be an accident at a job site and my family gets a few million.

[–] intensely_human@lemm.ee 1 points 1 year ago (1 children)

Unless of course the insurance company uses GPT-9 to read your entire post history online and finds this comment.

[–] afraid_of_zombies@lemmy.world 1 points 1 year ago

In that case they deserve to win because that would be utterly insane. We are talking like +30 years from now and if they have the ability to find one comment on one social media site and prove in the court of law that I wrote it...well fine.

[–] lntl@lemmy.ml -4 points 2 years ago (1 children)

just invest that 15% in stocks that pay dividends instead

[–] AtariDump@lemmy.world 2 points 2 years ago (1 children)

Great, which stocks specifically (that will make more money than just putting the money into an index fund that tracks the S&P500)?

[–] lntl@lemmy.ml -1 points 2 years ago (1 children)

specifically ones that pay dividends. funds don't usually pay dividends to investors

[–] AtariDump@lemmy.world 1 points 2 years ago (1 children)

No, no.

Which specific stocks. Name company names.

[–] lntl@lemmy.ml 0 points 2 years ago (1 children)

it seems like you know the ones

[–] AtariDump@lemmy.world 1 points 2 years ago (1 children)

I do not.

SPECIFIC stocks. (We can drop the act - we both know you have no idea).

[–] lntl@lemmy.ml 0 points 2 years ago (1 children)

lol what a noob to trading you are. GME obviously

[–] AtariDump@lemmy.world 2 points 2 years ago

Good day sir.

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