I wonder who is to blame.
(midwest.social)
Yuritopiaposadism [none/use name]
newshttps://fortune.com/2026/02/17/blackrock-ceo-larry-fink-warns-no-americans-are-close-to-what-they-need-to-retire/
I bet Putin has something to do with this
Ok sure, but you're way more responsible then gen X as a whole is.
So kindly get into you fucking Blackrock CEO.
The guy's name is literally "fink," lmao
STOP BLAMING GENERATIONS. This is a clear division tactic. Of course Fortune wants to push this narrative. They're the Rupert saying "that foreigner wants your cookie."
It all feels so bleak. If everything stays the same (this is unfortunately the optimistic outlook), then by the time I reach retirement age I’ll have to keep working full time anyway because they’ll raise the age for benefits and everything will be more expensive. I’ll work full time until I die. It makes saving for retirement feel so pointless, even without thinking about how climate change will probably alter the way the world works (for the worse) over the next 30 years.
I haven't seen the point in planning to retire my entire adult life. Either we build socialism or die horribly from climate change and police violence. I would like to be proven wrong, but its not looking like there are other realistic alternatives.
Putting it all on the red bear seems like the best bet to me.
Huh, maybe housing and healthcare should be 90% cheaper, then everyone will only need $200K and that will be much more reachable
This is such bs. Assuming an annual return of 7% (historical average) $2 000 000 would get you $140 000. I don't know about anyone else here, but I live on far less than $140 000/year. If your bare bones living expenses were $36 000 that would mean you'd need $514 285.71. There's investment strategies that pay out far more than 7% as well. I don't understand this fear mongering. Getting more people investing would probably get BlackRock a lot more money than telling people that there's no hope and you'll die poor
The calculation is 4% withdrawals annual to historically have a 99% chance of not running out of money in 30 years which is still 80k every year adjusted for inflation
3.5% withdrawals gets you to infinite retirement based on historical data
They can, and are, working both angles simultaneously. You get the fearful people into the market with one spiel and the optimistic people into the market with another.
Is this why gen x are being primed online to blame all the other generations after for?
The next best thing to immortality for boomers is passing on all their worst traits to gen x
investment firm wants people to invest more. especially the poor, because there are so many of them!
Im HARD and NASTY
