this post was submitted on 06 Oct 2023
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Of all generational cohorts, older millennials are most likely to generate enough income to retire comfortably, according to the latest Vanguard Retirement Readiness report.

Specifically, millennials aged 37-41 have the greatest chance of landing a comfortable retirement.

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[–] [email protected] 24 points 1 year ago (11 children)

If I were to go back in time the the 80s, 70, 60, etc. They would have a similar list of problems that seem insurmountable, but we keep going on and things have gotten better over time.

In 1990, 1.9 billion people lived in extreme poverty, representing 36% of the world’s population. By 2019, this number had fallen to 9.2% — about 703 million people.

https://www.worldvision.org/sponsorship-news-stories/global-poverty-facts

Over the past generation, extreme poverty declined hugely, and there are more than a billion fewer people living below the International Poverty Line of $2.15 per day today than in 1990. On average, the number declined by 47 million every year, or 130,000 people each day.n

https://ourworldindata.org/poverty

Women's access to education has improved significantly in many parts of the world. According to the National Intelligence Council’s Strategic Futures Group, there have been decades of improvements in women’s formal education

https://www.dni.gov/index.php/gt2040-home/gt2040-deeper-looks/future-of-womens-rights

Women's financial liberation has improved in the United States. Women now have access to credit cards in their own name and can get bank loans without a male co-signer

https://wbl.worldbank.org/content/dam/sites/wbl/documents/2023/Chapter%201%20The%20State%20of%20Women%E2%80%99s%20Legal%20Rights.pdf

The ACA has improved healthcare in various ways, including providing health insurance coverage to 20 million more Americans, protecting people with preexisting conditions from discrimination, and expanding Medicaid

https://www.americanprogress.org/article/10-ways-aca-improved-health-care-past-decade/

For every step back that we hyper focus on, there are two step forwards that we don't even think about. All our problems have solutions, just don't give into negative thoughts.

[–] [email protected] 15 points 1 year ago (2 children)

I'm always skeptical of poverty statistics because I believe the metric to meet poverty is wrong. For instance the bureau of statistics puts the poverty line at just under 15k annually. Please tell me how a person making 20k a year affords housing, food, and other basic necessities without government assistance.

[–] [email protected] 2 points 1 year ago (1 children)

15k in North America is different than 15k in the Philippines or Botswana

[–] [email protected] 8 points 1 year ago

You're correct but the bureau of statistics is American so that's really where I'm talking about. However this data point doesn't give a lot of faith that the statistic for other countries is accurate either.

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