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[-] nat_turner_overdrive@hexbear.net 33 points 8 months ago

Pensions aren't really a thing anymore, so... Retirement funds I suppose?

[-] FloridaBoi@hexbear.net 32 points 8 months ago

I feel like there’s probabilities associated with that stuff. Most people’s retirements are tied to stock markets

[-] nat_turner_overdrive@hexbear.net 26 points 8 months ago

This information would harm the worldview of Washington Post staffers

[-] buckykat@hexbear.net 18 points 8 months ago

No information can impact the worldview of Washington Post staffers

[-] nat_turner_overdrive@hexbear.net 15 points 8 months ago

Maybe not information, but there's always gui-better

[-] CyborgMarx@hexbear.net 15 points 8 months ago

They are, I lost 300 dollars last week from my "retirement savings" lmao

[-] PolandIsAStateOfMind@lemmygrad.ml 11 points 8 months ago* (last edited 8 months ago)

In Poland we had the Argentinian system implemented, the one that gives private companies free hand with your mandatory savings and caused failure of retirement system and fall of government in Argentina. In 10 years i lost about 30% of what i paid into it because stockmarket play failures and very high fees taken by those that played. Basically everyone else also lost which forced a liberal government to give people option out of it into huge state company buying bonds, which is also shit but at least you won't lose everything because state institution won't just (hopefully) run away with your money.

And btw all this didn't caused any social unrest in Poland and the improvement, literally the only good thing libs ever did, caused massive outrage.

[-] Elon_Musk@hexbear.net 10 points 8 months ago

Yea, but real talk: barring the collapse of the US empire, you will make money in the long run.

[-] aaaaaaadjsf@hexbear.net 7 points 8 months ago

That's some clown world type shit.

[-] CyborgMarx@hexbear.net 6 points 8 months ago
[-] aaaaaaadjsf@hexbear.net 7 points 8 months ago

What happened to pensions? Did Reagan mess that up too?

[-] GalaxyBrain@hexbear.net 8 points 8 months ago

Yes, indirectly but yes.

[-] idkmybffjoeysteel@hexbear.net 6 points 8 months ago

conspiracy by big bank to force you to care about "the economy"

[-] FloridaBoi@hexbear.net 7 points 8 months ago

They also make broker commissions and account fees from holding investments. Just skimming right off your earnings

[-] idkmybffjoeysteel@hexbear.net 7 points 8 months ago

it is so fucked, if you earn little and you get auto-enrolled into a default scheme with high fees in the UK, literally your entire savings will be eroded by fees within the year

this post was submitted on 16 Feb 2024
116 points (100.0% liked)

chapotraphouse

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