this post was submitted on 15 May 2025
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Poor old man can't afford to retire because he only has 700K saved up. (www.msn.com)
submitted 2 months ago* (last edited 2 months ago) by DisabledAceSocialist@lemmygrad.ml to c/worldnews@lemmygrad.ml
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He only gets $28K a year in interest, how will he manage? ๐Ÿ˜ฉ

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[โ€“] freagle@lemmygrad.ml 11 points 2 months ago

He's 67, that means he was born in '58. That generation got totally fleeced by the banks via hard selling of home equity loans. The man probably only has 10% equity in his home after all these years because he kept taking out loans to renovate or go on vacation or buy a new car or a boat. Huge problem.