jeffw@lemmy.worldM to News@lemmy.world · 5 months agoUS Billionaires Have Doubled Their Wealth Since 2017 Trump Tax Overhaultruthout.orgexternal-linkmessage-square131fedilinkarrow-up1845arrow-down113cross-posted to: news@lemmy.world
arrow-up1832arrow-down1external-linkUS Billionaires Have Doubled Their Wealth Since 2017 Trump Tax Overhaultruthout.orgjeffw@lemmy.worldM to News@lemmy.world · 5 months agomessage-square131fedilinkcross-posted to: news@lemmy.world
minus-squareFlowVoid@lemmy.worldlinkfedilinkEnglisharrow-up9arrow-down11·5 months agoThe median 40 year old has retirement savings of $45K, not $5K. And the median 70 year old has savings of $200K. In both groups, doubling the amount is quite significant.
minus-squareThrowawayOnLemmy@lemmy.worldlinkfedilinkarrow-up5·5 months agoJesus Christ those are pathetic numbers for retirement at those ages.
minus-squareRagnarok314159@sopuli.xyzlinkfedilinkarrow-up2·5 months agoGot to eat. Retirement is gone, and your 401k is nothing more than a subsidy so you can work part time as a greeter until death.
minus-squarePoopDelivery@sh.itjust.workslinkfedilinkarrow-up3arrow-down1·5 months agoNo one is putting their entire retirement into the stock market, so they’re not doubling the amount.
minus-squareFlowVoid@lemmy.worldlinkfedilinkEnglisharrow-up3arrow-down3·5 months agoAt age 40, it’s recommended that you put 60-80% of retirement funds into the stock market. Doubling that is still significant.
minus-squarePoopDelivery@sh.itjust.workslinkfedilinkarrow-up3arrow-down1·5 months agoSweet, I didn’t realize I could double $0.
minus-squareaesthelete@lemmy.worldlinkfedilinkarrow-up2·edit-25 months agoAnd you can do it as many times as you like, no charge*! * = charges may apply, see your local hedge fund for details
The median 40 year old has retirement savings of $45K, not $5K. And the median 70 year old has savings of $200K. In both groups, doubling the amount is quite significant.
Jesus Christ those are pathetic numbers for retirement at those ages.
Got to eat. Retirement is gone, and your 401k is nothing more than a subsidy so you can work part time as a greeter until death.
No one is putting their entire retirement into the stock market, so they’re not doubling the amount.
At age 40, it’s recommended that you put 60-80% of retirement funds into the stock market. Doubling that is still significant.
Sweet, I didn’t realize I could double $0.
And you can do it as many times as you like, no charge*!
* = charges may apply, see your local hedge fund for details