Just writing "Romans go home!" is harder than you think.
I think your observations about the human condition are valid. Unfortunately, this is what people do.
And they’re going to retire one day. I’m not sure the country is ready for what that means.
My fear is that it may come down to something more serious than just clucking about how foolish so many people are about investment optimization, retirement strategy, and economic literacy.
I think it's been mentioned before, but while clearly it's a theoretical no brainer to take advantage of the free money of 401k employer contributions, I am very well aware that a very large portion of the population (and NOT just "poor" people) live paycheck to paycheck...when you have a mortgage, car payment, student loans (and maybe even kids or medical bills) a lot of folks have to survive week to week. Yes, many may be making some poor choices as well (e.g. drop the four bucks a cup Starbucks habit) but there are valid reasons why SOME people truly have trouble taking proper advantage of benefits.
Another stat comes to mind: I believe 40% of Americans have no savings whatsoever...according to this article, 57% (!) of Americans have less than a thousand bucks in savings. Sobering.
https://www.cnbc.com/2017/09/13/how-...-accounts.html
The takeaway: pass on the nachos with the woeful yellow sauce at WW this weekend...
Bloomberg is officially in the race.
Q "Why do you like Duke, you didn't even go there." A "Because my art school didn't have a basketball team."
He is entering the Alabama primary, which has a deadline of tomorrow to register. So he is putting a toe in the water. His general policy was to stay out of Biden's way, so I am very curious if they have had any conversations. He could make things very interesting, but also makes a cluttered field even more cluttered. As a New Yorker who works in finance I have very strong opinions about his candidacy but I will keep them to myself.
https://www.nytimes.com/2019/11/07/u...gtype=Homepage
I don't think he gets the Democratic nomination but he can sabotage the election for the Dems if he runs as a 3rd party candidate, which I think he would consider if Warren is the nominee. Bloomberg's made his opinions about Warren's "billionaire tax proposal" well known and Bloomberg.com has run op-eds critical of her. On the other hand, this just may be what a female friend of mine who works in the Colorado Governor's office texted me this afteroon, "male white savior complex". She's somewhat militant.
Been there, done that. IMO, the early choices are the most critical. The magic of compounding evaporates with age.
It certainly will if people merely cluck. I fear the USA in 2070 may look a lot like Greece in 2020. China does not share my fear.Originally Posted by alteran
No, there are still relevant candidates with less support. That is -- if you believe the Dems will never nominate Warren or Sanders and Biden fades. On the moderate side, that pushes forward Klobuchar, Harris and Buttigieg and some lesser lights. And, I am hugely skeptical of Buttigieg as a potential nominee. Could yet be a wide open race.
Sage Grouse
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'When I got on the bus for my first road game at Duke, I saw that every player was carrying textbooks or laptops. I coached in the SEC for 25 years, and I had never seen that before, not even once.' - David Cutcliffe to Duke alumni in Washington, DC, June 2013
And, apropos of Sage's insight, Michael Bloomberg rides to the sound of the guns. Uhh...after deciding to sit it all out.
The world (of polling) has returned to normal. Rasmussen has Trump approval at +1.
https://projects.fivethirtyeight.com/polls/