Well thankfully I expect to die before I retire. As Homer Simpson once said “You tried, and failed miserably. The lesson is, never try.” Unless I hit the lottery which I almost never play. Retirement would be miserable for me. Basically just waiting to die already. My grandparents could barely afford to survive. My parents are almost there and are the same.
Alternate headline, “Half Of All Americans Will Die Without Retiring”
Second line they use for the follow up punch, “A Quarter Will Die Within 7 Years Of Retirement.”
Seriously, go look at an age demographic pyramid. Half of a cohort dies in the 60-65 area. And it drops precipitously from there until you’re looking at about 2 percent making it to 100.
Capitalists don’t want you retiring. If you’re not making them a widget then they see no use for you. The economically minded might point out that retirees are some of our biggest spenders. But the wealthy elite don’t care. They only see a pool of money they want in their hands. Dying at work is the end they want for their workers. Especially if there’s a pension.
In related news the DOJ might actually criminally charge the company for MCAS. But only because the company couldn’t keep to the deferred prosecution agreement. All they had to do was institute an Ethics program.
My disability insurance (private, not public) specifically ends when I'm 60 (or before, if they can find a reason to disqualify me), so it's basically built in that I won't be able to retire.
Yup. People need to stand up and demand better work life balance and early retirement options. Half of an age cohort dies by 70. SSA is moving to 67 which means there’s a large percentage of people who will get Social Security, and immediately die. We’re living in the dystopia.
My math says I will work till I can't and then will have to accept a lower quality of life for whats left and my wife and I end up on medicaid in a nursing home.
Medicare only pays for short-term skilled nursing rehabilitation meaning you need something like physical therapy after a major surgery. For long-term care because you’re just unable to take care of yourself, you’d need Medicaid or to pay several thousand/month out of pocket.
Ah, my mistake. It is very complicated. Usually, as a rule of thumb, Medicare pays for elderly care and Medicaid pays for poverty care, but there are--as you point out here--exceptions. Rule of thumb doesn't always work so well.
Sure, times are hard, but so is science journalism, apparently. Where could medium.com possibly get that this study says that headline. This study asked people of all ages what they predict is going to happen. There is no scientific basis for that headline, this is entirely based on a public opinion poll.
How many decades ago? Because I seem to be able to trace a wealth gap dating back to days that may or may not have even happened. We don’t know, because recording history on written paper was considered offensive. And religion itself isn’t the best source of info, I get that, but Jesus’s whole existence was supposed to be the whole magic trick of “feed a whole village with one loaf of bread”. With the idea that the whole villiage was full of poor people, and he was providing aid against their hunger.
And in order for that to even be believable in any sense, you first have to be able to agree on the idea that a wealth gap between the elite and the poor was already in existence.
Again, not that religion is reliable in any official sense, but it does help paint the picture that shit’s always been bad.
I’m sorry I didn’t realize those happened in America. But no, obviously not. It’s when’s things were about as equal as they ever have been in America thanks to FDR’s social programs, including Social Security. If you want to be pedantic about the existence of classes please go do it somewhere I can’t see.