- cross-posted to:
- worldnews@lemmygrad.ml
- cross-posted to:
- worldnews@lemmygrad.ml
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. 
Poor old dear still hasn’t paid off his mortgage so how will he manage on that?
How the other half live.
could you link to the news story?the numbers we have are painting a pretty different picture. i.e. someone who added very little to their retirement savings and now has enough to retire to just above the US poverty line. I wouldn’t call that comfortable, especially with the medical expenses of being at retirement age. like from the picture you’re painting of this person is of one less well off than the standard of living working people deserve and that our society is capable of providing them.EDIT: realized it wasn’t a text post.
The link to the story is in the post, I think. All we know is “I’m 67 and desperate to retire. My boss is an absolute tyrant and I hate it every day. I have $700K saved but still have a hefty mortgage.”