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I spoke the other day about rich people whingeing that they don’t have enough to retire in luxury. In today’s news there is a 67 year old man who hates his job and wants to retire. However the poor thing only has $700K saved up. This only gives him $28K a year in interest. sadness Poor old dear still hasn’t paid off his mortgage so how will he manage on that?

How the other half live.

  • oscardejarjayes [comrade/them]@hexbear.netEnglish
    11·
    8 days ago

    Depending on his family arrangement, 28k a year would put him in the bottom 20% of Americans, and only 4k-8k above the American poverty line.

    Admittedly, his savings are a bit above average.

    • GiorgioBoymoder [none/use name]@hexbear.netEnglish
      162·
      8 days ago

      real crabs-in-a-bucket hours. love to vilify someone for being a fat cat who put $85/month into retirement savings over their working life. love to criticize the wealthy “other half” who have enough retirement savings to… checks notes live just above the poverty line.