The Retirement Crisis Will Financially Eviscerate Millions Of Young Americans

Ok , What Are You Currently Doing To Prevent This From Happening ? Or Don't You Even Care?

No volume in this video???

Ya what he didn't mention how was Social Security paid for when FDR created it? It's the only thing left of the NEW DEAL of 1933 that created the middle class in this country.

This is truly the most depressing shit ive ever heard...can you imagine if they played this shit on the primetime news every night? People would be killing themselves! Stomach curdling to see and know of inhumane endless sufferings...

Why all the white hair?
Are all of these people too cheap to buy folic acid?

CUT THE DEFENSE BUDGET

Tax dodging sue happy lying Trump will save us.

The Trump administration gave over a trillion dollars in tax cuts for big corporations and wall in there four years.

All this is caused by corporate greed. When you launder your money in the stock market and then decided it is best to launder your employees retirement in a stock centric vehicle like a 401K, you can ignore pensions.

WE NEED SOCIALISM TO SURVIVE

Some companies cancel employees pension funds

I'm 47 and spent all my adult life preparing for retirement the traditional way. For the past 3 years, I've been learning and building my cash flow portfolio the nontraditional way and I'm excited. I wish I knew about this decades ago.

If money is needed to live in abundance. . how come humanity is the only species that dies without it?? God im so fucking tired of humanity pretending to not be aware.

It’s a legal requirement for all Private Employers in the UK to offer Pension Plans now, employees have to opt out or are automatically enrolled, I have no idea what a 401K is but it sounds super dodgy.

Just spay and neuter humans and that will solve all the problems on the planet

I wasn't financially free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing!Very inspiring! I love this

I heard something extremely nasty this past work week: The U.S. military has abolished pensions for its service people who do make a career of the military and has now replaced it with 401k.

It sounds to me people need to adopt Paul Laurence Dunbar's attitude, which I long ago fostered: "a crust of bread and a corner to sleep in."

The final statement- "tear apart what's left of our economy"- has always been the plan. Something is coming and it's been set up such that, if you wish to survive, you must conform to it.

Bull crap

There is a limit on taxes for Social Security. The super rich pay that in ONE PAY CHECK ! ONE! That level needs to be increased on them.

Yes keep voting republican's in probusiness super rich at our expense. That pay no taxes and off shore money. Of course they will have a 15% tax finally, thanks Biden.

I am 54 years old , I can't possibly imagine having the resources to retire at my age . I live in the Midwest and between home repairs , most of which I do except big jobs , and car repairs in addition to all other life expenses it's impossible to save any money ..I live a very frugal life but saving money in 2023 is next to impossible

I got to be a millionaire a couple of times over on blue collar low income. Started young. Never had a car, just rode a bicycle that has a trailer; built a comfortable shed in my backyard and rented out the house. No movie theatres, concerts, restaurants or vacations. G.I.Bill paid for education. I watch travel videos. Free food from the food bank. Free entertainment with park, library, TV, books, free DVDs, CD, and books from the library. Did cardio and weights. Practiced guitar. Shopped at the Good Will for clothes and found cool stuff in people's trash on the street. Retired early. Now I'm old and have free gym membership- silver sneakers program. Gym has free internet as well and is open 24/7, just take my laptop. I work out everyday. I feel great, no problems. I just live on SS and investment income piles up ~3M net worth. I have a beautiful cat that loves me. Yay for living the poor life. It's not for everybody.

It's sad, now the goverment wants to go to ditigal dollar so they can see every dollar we have in bank, if you have to much they can freeze your account....this can't happen

1O YEARS AGO.......my co-worker and I were on our lunch break, sitting at the picnic table, and, out of nowhere, I said to her, " Jan, one day we are going to be living like the Waltons!" She said, what?!" I said yep, the grandparenta, parents, and grandchildren will live together in order to make it!" She disagreed. 10 years later, she reminded me of the conversation, and guess what???? She, her daughter, grandchild are living together. She lost her husband. It's crazy out here now folks!

I will work until I die.
I'm on the DL.right now due to a bad knee and a horrible condition related to a benzodiazipine being prescribed to me for too long and then taken off way too quickly.
I don't have debt, but I don't have savings either .
Just gotta go with the flow and sweet what happens .
It's like have or have nots ?
Either way, it's Zombieland for All!

ALL BY DESIGN.

We need the Soylent Green Machine.
I don't want to be a burden to anyone.

I like the way they illustrate "poverty" by showing someone counting a stack of $100 bills.

I'm resigned to the fact that I will never retire. I shall work until I can't anymore. Then die.

Excuse me this is a crockpot of snickers. Work longer no pay decent wages. I know so many people working 3 jobs just pay bills

They want the elderly to die off.

you can live on basic things, bread, water, tomatoes for years, so stop the bullshit

Lke the wealthy are fond of saying-if you work a low-wage job, it's YOUR FAULT that you're poor. You should simply get a better-paying job. It's THAT simple!

Millions of young Americans paying more to support seniors? That doesn't need to happen.

All we need to do is raise the current income limit on Social Security Tax. That was the people
making well over 100 thousand a year will make up what would otherwise be a shortfall but
the vast majority of young people will not be affected in any way.

So this video is very misleading.

$23 BILLION to Ukraine, $0 toward helping seniors. WTF!!!!!!!!!!!!!!!!!!!!!

Everything fails when criminally controlled. Like Carlin said " theyre coming for all your money".

Plan on being comfortable when you're DEAD.

Baby boomers are probably the last generation to retire with pensions from some company. The rest of us are gonna work forever. Japanese don’t even have a word for retirement.

Making the 2% of Amerca guilty of treason,usury,swindling and loansharking

I think these videos are put out to name drop investment advisors and make THEM money. Not that it’s bad to use a financial advisor but choose wisely….any money you make investing with them will cost you money cuz you have to pay them for their services….s you better make sure these investments earn enough to pay you AND them otherwise you are wasting your money. Do your research on your own….I just follow Buffet and Mungers advice…it might not make me rich quick but slow and steady never lost a race….and I don’t pay crazy fees for active managers…that aren’t always right

We experienced the pinnacle of our era, but it is now gone. Like what happened to Rome, the corrupt administration will bring this nation to an end. My condolences go out to anyone who is close to retiring and may be worried about whether their pension will be enough to pay the rising cost of living. Insane fiscal policy, poor regulatory policy, poor energy policy, and poor foreign policy

My grandfather told me something 40 years ago that changed my life forever. He said…..
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“ Get the hell out of my chair!!!!”

Retirement is wonderful if you have two essentials — much to live on and much to live for. Invest wisely and get good returns.

As for social Security benefits, the government needs to STOP dipping into the funds for their own selfish entertainment and as well as STOP giving our social security monies to all these illegals that's coming over our southern border!!!!!!!

40 now, and everything is paid for. Fortunately, I had a college economics teacher who taught me a lesson when I was 18 years old. That lesson was: you can't buy something else for every purchase you make. Having multiple sources of income is prudent, as is living within your means. I have a 13-year-old vehicle because it is all I need, I like it, and I can do whatever I want with it. My net worth is $4 million, and I can pay my bills without stress, but I don't live like I have that. I have no complaints.

Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.

I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.

Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

xI would be retiring or working less in 5 years, and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $90K per year but nothing to show for it yet.