patrick.net

Does anyone have data on the total value of “retirement money” that American workers think they have saved up for retirement? Another important part of the data would be when the “retirement money” becomes available.

For example in 2029 Americans will have xxx billion dollars in retirement accounts and xx% will be available for withdrawal without penalties.

Call me paranoid but I don’t believe that anyone who retires after 2035 will see ANY realized returns on their “retirement money.” Whether it be the great reset planned demolition of the world economy, deliberate confiscation of private assets for social equity programs as the OP suggests or just plain collapse of the United States under the weight of its own corruption and stupidity, “retirement money” isn’t yours until you spend it. I believe that for most Americans under age 53 as of January 1, 2024, that day will never come. I hope I’m wrong but I just don’t see a path forward over the next decade that will reward savers. If they have to, the powers that be will simply identify those with lush retirement accounts and target them for early carbon neutrality.

Jeder nach seinen Fähigkeiten, jedem nach seinen Bedürfnissen.

PeopleUnited says

I hope I’m wrong but I just don’t see a path forward over the next decade that will reward savers. If they have to, the powers that be will simple identify those with lush retirement accounts and target them for early carbon neutrality.

You can borrow against it if your employer allows. We've taken $50k out before. Interest free. Borrowed on margin with a family members stock and bought a house.

I wouldn't be overly worried. As a kid in the 90's this type of shit was all I'd hear from adults. Nothing in 30+ years. Everyone and I mean everyone was 100% wrong. Look at the world right now. The money will be there in 30 years as it is now. Enjoy life. You won't have any problems outside of your own doing.

clambo says

While at Publix Saturday I saw an announcement on something near the pharmacy that today 41.8 million people in the USA are receiving "Food Stamps", which today is called EBT.

This should be well known by now. The percentage of people working in public sector is growing and close to half the workforce I believe. The number of people who depend on government at some level(food stamps is just one example), is like 75%. We live in a Banana Republic, it is ONLY because we have the reserve currency that we haven't gone under already. But that is coming...

Good high schools should be required to do a course on Austrian economics, then signs like this wouldn't be surprising.

NuttBoxer says

We live in a Banana Republic, it is ONLY because we have the reserve currency that we haven't gone under already. But that is coming...

Simplistic thinking. Currency means nothing for the most part. We have the best land and resources on the planet. Maybe it means something for Europe or China. Our currency is resources and military. That's always been the way. It's not about the "dollar" as people always say. We're not going under in our lifetime. Live it up.

Al_Sharpton_for_President says

Jeder nach seinen Fähigkeiten, jedem nach seinen Bedürfnissen.

In diesem Fall bin ich weniger fähig, aber sehr bedürftig.

clambo says

41.8 million people in the USA are receiving "Food Stamps", which today is called EBT

that is about right as far as no more than 15% living at or below the poverty level , hence they qualify for for EBT

.

NuttBoxer says

This should be well known by now. The percentage of people working in public sector is growing and close to half the workforce I believe. The number of people who depend on government at some level(food stamps is just one example), is like 75%. We live in a Banana Republic, it is ONLY because we have the reserve currency that we haven't gone under already. But that is coming...

Weak men permit hoes.

Hoes need public support and vote for more of it.

Hoes create hard times.

AmericanKulak says

NuttBoxer says

This should be well known by now. The percentage of people working in public sector is growing and close to half the workforce I believe. The number of people who depend on government at some level(food stamps is just one example), is like 75%. We live in a Banana Republic, it is ONLY because we have the reserve currency that we haven't gone under already. But that is coming...

Weak men permit hoes.

Hoes need public support and vote for more of it.

Hoes create hard times.

If we do continue at this rate such as government deficits, then there will have to be greater increases in productivity to at least maintain status quo for standard of living.

Need reduction in unit price for aquaculture and agriculture products, and diesel needs to no more than increase 2% annually.

.

Government giving taxpayer money away to losers hurts us in several ways, which may or may not be easy to recognize.
1. Inflation; this is pretty obvious I think. During the pandemic, free money was paid to everyone. More money without more production is the definition of inflation.
2. Huge debt; the government is spending money it borrows by selling bonds. Today it's $34 trillion=$34 thousand billion. A large percentage of this debt is owed to foreigners and foreign governments.
3. Interest on the huge debt; interest paid to maintain this giant debt is becoming a very large part of the budget, so other important things can't be paid for.
4. Interest on the debt paid to foreigners; Interest paid to Americans can be kept in the USA assuming they spend it someday, however interest paid for foreigners is forever lost from the USA economy.
5. A subtle problem of debt is that the value of the US dollar will fall in relation to other currencies. My clear recollection of Switzerland was I exchanged 3 Swiss francs for $1 US dollar back in 1974. Today $1 dollar does not buy 1 Swiss franc.

Everyone must eat. J.O.B.S. that pay a living wage.

"He who doesn't work doesn't eat."
Overheard in Mexico.

I recall reading that a not-insignificant amount of Coca-Cola profits come from EBT purchases. I'll try to find that.

WookieMan says

Simplistic thinking. Currency means nothing for the most part. We have the best land and resources on the planet. Maybe it means something for Europe or China. Our currency is resources and military. That's always been the way. It's not about the "dollar" as people always say. We're not going under in our lifetime. Live it up.

Currency means everything when wealth is measured by perception over reality. I fully agree that resources, ability to build things, grow food, and gold and silver are the types of things that represent real wealth. But to put it in patnet terms, when you can buy a depreciating asset, sit on it, then sell it a few months later for a profit, your economy is driven by leverage, speculation, and lies, not reality.

American jobs mostly provide services, not products. An AI company just went up like 357 BILLION dollars in one day purely based on speculation, not any viable product currently on the market. Our military is compromised, our natural resources are being locked away in favor of boondoggles, and any remaining wealth is being given to illegals, and laundered through Ukraine.

Our cost of living is higher this year than last, and will be higher still in another year. People who perform maintenance can't get parts the same day any more. Your agreement isn't necessary, but it will help you be prepared.

AD says

If we do continue at this rate such as government deficits, then there will have to be greater increases in productivity to at least maintain status quo for standard of living.

We're already losing, maintaining went out the window over ten years ago for blue collar. And has gone out the window in the past few years for tech.

Have to admit, I had to Google Publix.

Figured it was one of those Piggly Wiggly things. Seems I am correct.

Publix are fantastic stores. Clean, excellent choices, prices can vary so watch for bargains.

Every time I have engaged an employee about the ownership/stock structure the response has been enthusiastic, and they look happy unlike beat dogs at competitors.

Al_Sharpton_for_President says

Jeder nach seinen Fähigkeiten, jedem nach seinen Bedürfnissen.

Daß habe ich niemals gesehen auf deutsch, danke.

HotFrog11221963 says

Publix are fantastic stores. Clean, excellent choices, prices can vary so watch for bargains.

Publix is not a grocery store they have perfected making more profit by selling as little as possible. While they play games and fudge the books on BOGOS, they never lower the price on meats(save for the occasional $5.99 lb prime rib roast, but with our decimated beef industry we wont see that again for along time. They keep their prices high right until the expiry date. Then they donate it to Feeding South Florida, and write off the full price lost. EBT is their bead and butter. Millions of on the dole shoppers load up on over priced eggs, milk, dairy, grains and canned and boxed goods at full price. While the rest of us prepare menus based on BOGOS.
I never shop at Publix and save 30 to 40 percent value shopping at several stores. I only go to Publix for their Deli or bakery goods. It's not cheaper than other option, just sometimes better. But I can buy a box or bag of widgets from any store for a hell of a lot cheaper.

I like the stores, but TenPoundBass’ critique is fair. Prices are high at Publix.

I am biased because they seem to treat their employees well, and yah, I had to have a chat with my wife on stop fucking up on the Bogos. Tears may have been implicated.

Publix prices are probably lower than Whole Foods, but higher than Winn Dixie.
Aldi is a fun place to shop sometimes I guess.
I like Publix and Doris Italian Market.

clambo says

Publix prices are probably lower than Whole Foods, but higher than Winn Dixie.
Aldi is a fun place to shop sometimes I guess.
I like Publix and Doris Italian Market.

About 30% lower at WD last I was in St. Pete.

If you want shitty pizza and sauces try Mazzarros Italian Mkt. Lol, gawd.

clambo says

I like Publix and Doris Italian Market.

Doris is boutique foodie, their price are better than Wholefoods though, and probably cheaper than Publix prime meat in their butcher case. Excellent meats, if you're splurging on the good stuff.

I WANNA WINN!

Winn Dixie is my place. Once every few months for stuff like Garlic Powder, Big Bags of Rice, etc. I go to Bravo or El Presidente.

Publix IS a good donor to conservative causes but damn their prices are high. I can see how the EBT and donation angle work.

Publix has always been known for meh but expensive meat.

AmericanKulak says

Publix has always been known for meh but expensive meat.

I either buy the cow or pig from the source or a local butcher for individual cuts. The shit in the grocery store is just that, shit. I don't care what grocery store. I've got 3 good small/local butchers to buy from. I generally don't care about price. I don't want to buy shit processed meat for any price.

clambo says

While at Publix Saturday

You're problem may be:

1. Living in Florida
2. Shopping at Publix

If I woke up to find myself at a Publix in Florida, I would immediately take steps to change my life.

personal

Nomograph says

1. Living in Florida

I like FL, but groceries are obscene there. It's not a cheap place to live for fixed income people although that's a good chunk of the population. My beer of choice is double in FL. I'm not even talking beef, chicken or pork. Seafood might be lower, but everything else is a fortune.