- Joined
- Jan 1, 2020
- Messages
- 23,658
- Reaction score
- 7,502
- Location
- Southern OR
- Gender
- Male
- Political Leaning
- Conservative
Why the gloom and doom? What are you basing your predictions on?Most companies today offer no pensions at all. You are part of a dying group that is lucky enough to have one. Pensions are a thing of the past. I also have SS and a 401k but a very meager pension because my company depended on 401ks as our real retirement plan, just as virtually all companies do today. So it pretty much is down to 401ks and SS for everyone today with the 401ks being the main source of retirement income. No one today has a pension that will suffice as you seem to. All these people are losing big time and it doesn’t take long for these funds to take huge hits and permanently damage future and current retirement hopes. The markets will not magically recover if Trump insists on his insane tariff plan. The stock market doesn’t do very well in recessions or depressions. He is putting the entire world on the brink of economic collapse because he and his rich sycophants have a big enough cushion to withstand it.
And your pension doesn’t shield you from inflation or economic collapse. That money will be depleted in a hurry as prices go through the roof.
Are you an economist of financial analyst attuned to market moves?
Are simply an ordinary anti-Trumper who wants to see Trump fail in what he is trying to do with world trade?
You wrote: "He is putting the entire world on the brink of economic collapse because he and his rich sycophants have a big enough cushion to withstand it."
That sounds like you are echoing the Dems/Liberals party line for want of something concrete to complain about.