Comments by "michael" (@michaeld4861) on "Why it’s hard for Americans to retire" video.

I'd love to make half as much as any of these people. The real retirement problem is that 40% of all US jobs pay less than $16/hr and a large amount of jobs now are part time. How is anyone supposed to retire when half the jobs in the US barely pay enough to afford a sandwich for lunch? I'll be lucky if I can retire at 85 in a cardboard box under a bridge.
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Right! I just recently looked at my 401k options and even if I chose to just keep it all in cash they wanted to charge me 0.8%/year! I'm giving them all my money for the next 30+ years and they are charging ME?! But the only way to get that measly $10 of company match/year is to put money there so I chose the minimum to get the 50% company match and chose whatever stock fund that had the lowest fee (which is still like 1%).
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That's the whole point of those programs existing, that they are reliable. How much worse would our country be if we had a 40% of the elderly were homeless? Social Security was created after the Great Depression specifically because there was an enormous homeless/destitute elderly population and it's not like an 80 year old can just start working full time to support themselves again. I agree that people shouldn't view those things as the end all be all of retirement and think they won't have to save anything though. Problem is that so many of the jobs that paid a livable wage have been shipped overseas and now half of all the jobs in the country don't pay enough to get by on let alone save for retirement.
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Ah yes cause us silly millenials are just spending our extra $20k/year on avocados. It's not that there isn't "a way" to save, it's that there's no money to save in the first place cause all the good jobs have been outsourced.
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