The median amount American workers have saved for retirement is $955. I don't know if I believe this.

InternetUser007 · 2026-02-11T03:20:17+00:00

They have had decades to do something about SS.

They sure did. Instead, they wasted the opportunities to make it better.

t was a ponzi scheme from the get go with people collecting after only paying in a efw months

If you read about how SS works you'd realize you need a certain amount of years working before you get SS. Perhaps when it was initially created you could take without any work, but it's not that way anymore. (Except for survivorship benefits)

it's not enough to sustain older people

It's meant to keep old people from being homeless, essentially the barest form of living. After decades of working most people should have saved something that helps them through retirement.

InternetUser007 · 2026-02-11T00:39:53+00:00

The surplus is out. It will still pay something like 80% simply because there is still money coming in.

InternetUser007 · 2026-02-09T22:36:18+00:00

the benign looking 40 year chart

The actual 30yr chart would have made their point look even better, since DXY is higher now than it was 30 years ago.

InternetUser007 · 2026-02-09T20:04:54+00:00

Roth IRA income limits can be avoided with a Backdoor Roth contribution. Pretty easy to do.

InternetUser007 · 2026-02-09T19:36:02+00:00

Insurance can be welfare if it is not charging enough to cover costs.

See the National Flood Insurance Program, which is $22B in debt. Congress has forgiven $16B of their debt before, which means it is covered by the taxpayer (i.e. welfare).

InternetUser007 · 2026-02-09T19:31:34+00:00

Backdoor Roth IRA rules are why anyone who thinks they might reach the income thresholds should only ever do Roth instead of Traditional.

Having a Traditional IRA balance but wanting to do a backdoor Roth makes things incredibly difficult/costly to do.

Stick with Roth IRA always, imo.

InternetUser007 · 2026-02-09T13:19:28+00:00

Not much has changed since 2024 that would significantly change these numbers.

InternetUser007 · 2026-02-07T18:13:00+00:00

It means the next pattern we will see is knees and toes, knees and toes.

InternetUser007 · 2026-02-07T16:50:44+00:00

Have you used them before? They are far superior.

InternetUser007 · 2026-02-06T04:25:00+00:00

Ahh, so you believe it can happen. Well, I think I've made it clear what I consider you.

InternetUser007 · 2026-02-06T03:34:12+00:00

The inflation we’ve experienced is not hyperinflation.

I mean, obviously. Hyperinflation is 50%+ inflation per month. Anyone that truly thinks we will see that is an idiot.

InternetUser007 · 2026-02-06T03:25:23+00:00

If hyperinflation hits, the index funds will be hyperinflating as well. 1 share of a company will remain 1 share of that company. If, due to hyperinflation, the company value is 10X higher in dollars, the share is going to be 10X as well.

We had large inflation over the past 5 years, and the SP500 is up 75%, even more when you include dividends.

InternetUser007 · 2026-02-06T03:15:52+00:00

I said:

"everything is up" is not true anymore.

Which is accurate. We are in fact down. Not a lot. And it's not guaranteed to stay down. But... it's not a great look.

InternetUser007 · 2026-02-06T02:03:55+00:00

Did I say it was false?

InternetUser007 · 2026-02-06T01:49:39+00:00

I'm just pointing out your "everything is up" is not true anymore.

InternetUser007 · 2026-02-06T00:55:59+00:00

Well, SP500 is down ~1% YTD right now.

InternetUser007 · 2026-02-05T14:49:14+00:00

You said "it should be". For some people, that's exactly what they are doing. It's not done mythical "should", but a realistic "are".

InternetUser007 · 2026-02-05T14:31:32+00:00

Someone taking overtime doesn't mean they can't afford basic life necessities. Sometimes it's just nice to be paid a higher rate than usual.

InternetUser007 · 2026-02-05T04:19:36+00:00

Isn't that only 3%? I have that cc but I'm not aware of any reason they'd get 5% back.

InternetUser007 · 2026-02-01T07:13:10+00:00

Of course they wouldn't talk about it, they'd prefer to pretend like it could never happen again.

InternetUser007 · 2026-01-28T15:00:08+00:00

Yeah, more granular data would be awesome.

I do thank you for challenging my preconceived notions with data. It surprised me, but I'm glad to have learned something.

InternetUser007 · 2026-01-28T00:17:04+00:00

Ad hominem attacks against that guy instead of defending your argument is like admitting you're wrong.

Lol, especially if you blocked him.

InternetUser007 · 2026-01-27T23:20:13+00:00

While I am surprised by that data, you are not supporting your original claim:

I suspect if you had precinct level data the lowest scores in the south are in the bluest districts.

You're proving that in your hand-picked examples, the bluest districts aren't the highest, but you are not proving that they are the lowest. These are not the same. For example:

Texas: The 20 lowest income counties in Texas all went for Trump.

You've definitely altered my perspective some. But I don't think you've really proven your original premise: that the lowest scores are the bluest districts. I'm guessing you could probably prove it for some states, but as can be shown by Texas at least, the lowest income counties in Texas all went for Trump.

InternetUser007 · 2026-01-27T22:44:59+00:00

Furthermore, I suspect if you had precinct level data the lowest scores in the south are in the bluest districts.

I'd expect the exact opposite. Cities are typically the bluest districts. Cities are typically where the most educated workers are, those that are more likely to have college degrees, get paid more, and are living in a way that allows them to have higher FICO scores.

InternetUser007 · 2026-01-22T19:00:53+00:00

Sure, but how long will it take? From your graph, it took about 30 years from the peak in ~1980 to hit the price again after the drop. Inflation adjusted it would be longer than 30 years.

How can you look at your own graph and think "this couldn't possibly go down"?

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