A single digit percentage are doing quite well even in this economy. Another single digit percentage are older boomers that lived through the stagflationary era under Carter in the 70s, but are now long since retired and have decent living as the last generation that received pensions and fully funded Social Security so they too are doing better than the earlier time in their life when they had even less money.
I have no idea who the other 25-ish percent are though.
Yeah the pensioners I know were definitely shaped by the last time it got this hard, and they were raised by people who experienced the depression… They will be perfectly happy living off Vienna sausage and toast or whatever other cursed preservative-laden calorie loaf lives in their pantry. (Store-brand potato salad once a month, as a treat.)
Meanwhile the cash will continue to roll in. They often have fantastic supplemental health insurance built into their pension from a retirement in the 00’s on top of Medicare. A policy so generous it can no longer exist. Would make a millennial’s eyes water. Those any younger could spontaneously combust upon viewing gam gam’s health allowances.
The smart ones have investments on top of all that, which taken alone could passively guarantee a comfortable life. Throw that bitch in a trust and - slaps the side - that right there’s a durable multigenerational wealth vehicle off a normal person’s very average career from 50 years ago.
They other 25% are people who don’t like the current systems and want to watch it all burn down. Trump is burning everything down…that is the only conclusion I can come up with 🤔
I would love to know who comprises the remaining 47%.
46% living their neo-Confederate wet dream and 1% that were already billionaires but are now in the running to be the first trillionaire.
A single digit percentage are doing quite well even in this economy. Another single digit percentage are older boomers that lived through the stagflationary era under Carter in the 70s, but are now long since retired and have decent living as the last generation that received pensions and fully funded Social Security so they too are doing better than the earlier time in their life when they had even less money.
I have no idea who the other 25-ish percent are though.
Yeah the pensioners I know were definitely shaped by the last time it got this hard, and they were raised by people who experienced the depression… They will be perfectly happy living off Vienna sausage and toast or whatever other cursed preservative-laden calorie loaf lives in their pantry. (Store-brand potato salad once a month, as a treat.)
Meanwhile the cash will continue to roll in. They often have fantastic supplemental health insurance built into their pension from a retirement in the 00’s on top of Medicare. A policy so generous it can no longer exist. Would make a millennial’s eyes water. Those any younger could spontaneously combust upon viewing gam gam’s health allowances.
The smart ones have investments on top of all that, which taken alone could passively guarantee a comfortable life. Throw that bitch in a trust and - slaps the side - that right there’s a durable multigenerational wealth vehicle off a normal person’s very average career from 50 years ago.
They other 25% are people who don’t like the current systems and want to watch it all burn down. Trump is burning everything down…that is the only conclusion I can come up with 🤔