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Nearly 50% of US parents financially supporting adult children, study finds
(www.theguardian.com)
this post was submitted on 12 Mar 2024
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How's everyone's parents' retirement/planning going?
They been saying "I'll work till the day I die" since I was born... Nothing changed.
Is retirement a lie told to us to keep us docile?
You have to basically reinsert the meager winnings of your "value" after it was extracted from you, back into the infinite money machine where there is new money but not really much else. It will be used to fund a moderately successful water cartel, Tech-Bubbles-R-Us, Misery Devices and Ammunitions, and the national entities maintaining Da Rules-based economy (subject to modification). You will not be made aware of this as you invest into a NASCAR soundalike that goes up because yes and goes down because fuck you. Only then are you able to retire on the knife's edge of medical poverty.
And you could get hit by a car long before that.
I feel like it was a real thing until the mid 80s.
Back when pensions were still a thing it was totally viable
That lines up, it's when the poorly-run businesses all went bankrupt and the pro business judges let them wipe them away during bankruptcy proceedings.
Sadly, I really believe that a lot of Boomers grew up thinking that this was in their future and didn't recognize what was happening when they went away nor adjust to creating their own retirement in response. Younger Gen X and onward certainly saw what was happening, whether they have the ability to do anything about it or not.
One of mine medically retired from Army decades ago after falling when bouldering. The other has worked at the same company for like 40 years and somehow got a remote gig before that was a thing in pandemic and about to retire. They're luckier than most.