It used to be, go to school, get good grades, get a good job, retire at 50.
However, right now, Social inSecurity recipients are finding it hard to live on what they receive. By the time we get half way through the boomers retiring, this plan will not work. Only those with a paid off house will be able to retire on SS.
The new generations never expected SS to support them in retirement. Also, many of them see trying to save for retirement as waste of money and time. They have accepted that they will just work for the rest of their lives.
Sadly those who invested in a 401k/retirement plan are going to be hurt the worst of all. As the financial system evaporates.
But the saddest will be people who think they own an expensive house, and see it as an investment. Something that they can pull money from to pay them through retirement. The housing market is on its way to zero now.
Social inSecurity
This institution, put into place by businesses to shove off their retirement burdens onto the working class, has already failed. It is a giant ponzi scheme, and cannot continue without more people getting in at the bottom. To bad there aren't enough young people (population decline) and there are no good jobs for the young people. So, the retirees are going to have to tighten their belts, A LOT!
We do not have enough young people making enough money for this fraud to continue. All we have is the money printer. So, we will be paying retirees with inflation. And our finances are already at the limits. Past the limits for many who are now living in their cars or in tents.
Social inSecurity is already dead.
Can we fix it? Can it be reformed before we have a lot of elderly homeless people?
Your retirement account is already gone
We only seem to have money in the stock market. Bonds only seem to be worth something. All the value has been stolen out of these markets. Listen to some of Catherine Austin Fitts earlier videos (like with Greg Hunter / USA Watchdog) where she discusses that all the money has already been moved out.
As long as the music plays, we still have a market. And then, all at once, it will be gone. You don't own any stock. That is not your money in the bank. And how much is a bond worth, if it is paid with printed into hyperinflation dollars?
The thing that we thought was an investment will evaporate. Stocks and bonds do not exist in the future. They have already started to collapse.
Fortunately, we will think of a way to support our elderly.
How to retire
We have been able to "buy" everything for too long. We think it is just normal to rent a house, or "buy" one with a mortgage. We think it is just normal to go to a grocery store and buy food. We can buy healthcare and cars, and junk from Wallymart.
If Xi doesn't work things out with Trump, we may be unable to buy a microwave for some time.
As the worlds farmlands are mined out, it may become impossible to buy food.
We have become so used to being able to "buy" everything that it is all we have thought about when we planned for retirement. All we have to have is enough money to afford living the rest of our life.
However, if we take money out of the equation, what we need is food, clothing and shelter. And we can acquire these without the use of money. And today, we can make it really simple and easy. With modern technology, we can work less than 10 hours a week growing our own food.
We can easily build a simple house with less than a years worth of labor. And clothes are easy with automated looms.
So, we could retire in our early 30s, if it wasn't for our destructive banking system. Well, we still have to spend those 10 hours a week growing our food. In the future, we will all be part time farmers.
We, in America have paid for our houses, somewhere between 3 and 10x. That is really inefficient. And all that for really inefficient cracker-jack boxes without even passive solar. We pay for cars multiple times over too. If we got rid of this, retirement would be very easy, financially speaking.
(and ZPE is coming, so no more paying for electricity either)
And, if we all grow our own food, then we need a seriously small amount of money.
We could build/do something we enjoy and trade that with other people around the world for things we can't produce ourselves.
So, to retire, we just really need to get rid of the banksters who have been stealing all of our wealth for so long. And, all of a sudden, it costs next to nothing to retire.