Comments by "Rune of Svalbard" (@vladimirofsvalbard9477) on "Forbes Breaking News"
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As a mental math whiz, I've been trying to describe this problem to my parents for years.
At 18 year old, I figured out this problem pretty quickly just by looking at my first tax stub. Btw, I'm 29 now; married, home, children etc.
People wonder why I'm a minimalist in my personal habits; this is one of the primary reasons. Every DIME you can save now is a DOLLAR that won't be robbed from you in the future. Every cheap/healthy habit you can form NOW is going to be a lifestyle that affords you a good living in the economy that we are creating right now!
For every dollar YOU put into Social Security that is matched by employer, you will receive 50 cents before you die. For the average American, that is a mathematical fact!
Not only that, but we have a demographic crisis that is going to further bankrupt to ability to even pay for the current mandatory spending. Boomers and Gen X did NOT have enough children to pay for their retirement habits.
You want to know why we're having labor shortages? It's not due to laziness, nor even unemployment insurance. The savings, the stimulus money, and the insurance money has been exhausted. There's a labor shortage because we don't have enough people to take over for retirees. Covid jump started this inevitability.
Those 7 Millions men you keep hearing about in the news that are unemployed; they're not kids. They're 50-65 year old men that have retired early.
Once you understand the financial and demographic disaster we are facing, the faster everything else starts to make sense. This is all about the numbers folks.
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