Stock-market valuations, by one measure, have hit levels surpassed only a few times in the past, including the Great Depression and the dot-com bubble.
This is by design. Retirements are more and more tied with risky markets because then the rich can hold everyone else hostage since it’s not just them feeling the pain of a market crash. The insanity has to stop at some point or we’re all going to be held hostage forever. Regardless, the amount that most individuals actually have is little and often isn’t enough to actually retire on anyway.
It did to me, because I have a locked-in pension from a former union job and after I quit I transferred it to my bank … who proceeded to tell me I had no choice but to put it into stocks. As of rn it’s finally back up to what I had in 2008.
So many people’s retirements are in the stock market. This would screw over a ton of the working class too.
This is by design. Retirements are more and more tied with risky markets because then the rich can hold everyone else hostage since it’s not just them feeling the pain of a market crash. The insanity has to stop at some point or we’re all going to be held hostage forever. Regardless, the amount that most individuals actually have is little and often isn’t enough to actually retire on anyway.
What’s the out that doesn’t see you screaming backwards thanks to inflation?
It did to me, because I have a locked-in pension from a former union job and after I quit I transferred it to my bank … who proceeded to tell me I had no choice but to put it into stocks. As of rn it’s finally back up to what I had in 2008.
I fucking hate the stock market.