| GPFontaine wrote: |
| username wrote: |
| 401k. put 3-5% in there and you should be set as long as its transferable & as long as you work for said company for a while |
This will make life at 65 amazing, but what the fuck do the young middle class do for the next 30-40 years?
Cost of living goes up significantly while job stability and availability goes down. My feeling is that until we figure out a way to decrease imports, increase exports, and stabilize energy, retirement programs will only feel like money being given up that could help us along the way. |
This may be easier than you think, especially with the dollar beginning to teeter on hyperinflation at the first place. In the short run, yeah, it'll be catastrophic and people'll freak out, stab or shoot each other and stuff when they can't just
have things, but that too will pass. At this point, the US is either looking at a sovereign debt default in the next five-ten years or a massive IMF bailout to keep us afloat, mostly because our economists and the Fed and everyone else seems convinced that Keynesian fiscal policy is still effective in our day and age, and they're not going to give up until they've drawn the last bucket from the cash-well. That's okay, though, hyperinflation'll hurt quite a lot to bigger pockets as well, especially if there's an FDR-style gold recall (which is quite feasible).
