Comments by "Joe Swanson" (@joeswanson733) on "Women Are Starting To Panick As Men Decide To Finally Go Their Own Way" video.

  1. the idea was ok you work 40 years. budget and save carefully. then you get your company pension , SSI, and savings yield payments. in theory if you live a basic life tha's enough to carry you over until you hit the bucket.
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  2. 130k puts you at the top 20% percentile in income. 200k puts you in the top 5-7% already. so basically these folks have no obligation in america since america coming after their money hard in taxes and later on other wealth taxes. so we're gonna see a lot of capital flight from america down the line.
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  3. you know as a military vet you could have a interesting scenario if you worked say 20 years with the army get army pension work 20 years with the USPS or any government agency get another pension get SSI , if you get savings yield payments you could get 4 sources of money
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  4. i think if you say you can't afford it everyone shuts up really quick.
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  5. we find it alien now because we're living much longer now. that's the issue. retirement if we're using 20th century definitions was you retire and live another 5 years then croak. if we look at SSI it was enacted in 1937 when people lived on average 55-60 years. they set it at 65. so pretty much they weren't expecting you to collect. so it was like a reward for you lived long enough congrats here's some money. but people lived on their savings when banks would pay 5-10% in interest. and they had company pensions so it was called a 3 legged stool. we know since then they got rid of company pensions and even by the 1950s SSI didn't pay you enough regardless even as supplemental income. so the average schmoe would have to rely on savings and SSI even though it's not enough passive income since they're paying such low yields on savings. with zirp and even now we're averaging below 5%.
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  6. actually governmente pension IE SSI was a joke even decades ago. it's callled supplemental income for a reason. back in the 20th century you had savings so put it in a CD or savings which netted you from 5-10% and you had a company pension. then you would get a SSI. well we know company pensions are pretty much non existent outside of government jobs. so hte average schmoe would have low yield savings now as we have had zirp and even now at savings hovering at only 4-4.50% with SSI. that is not enough passive income for retirees to live a "Good life"
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  7. but it won't be years later when it's finally made in large enough quanities to produce the results they want.
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