me_irl

Retirement is not an age, it's a financial status.

30 years? It's happening right now!

https://thehill.com/business/personal-finance/3991136-nearly-half-of-baby-boomers-have-no-retirement-savings/

The same thing that happens every generation to the god-awful number of people who never had hope of retiring to begin with.

Probably something like this.

Bold of you to assume that retirement age means anything or is some fixed time when one has to stop working, working becomes illegal or that the society is even stable enough to allow such a thing.

We're all just going to keep on working until death.

I'm 50; when I started my career pretty much everyone a little older than me had pensions and I arrived right as the pensions were being phased out. It was a running joke when they would talk about pensions and I would say "what's a pension?"

So my age group will be retiring in 15 years, not 30 years. Almost everyone I know my age has a meager 401k and nothing else.

The streets are going to be flooded with people too old to work and no retirement income in much less than 30 years...

Same thing that happens to the people who have no savings now when they reach state retirement age. They simply can't afford to, and have to continue working.

Unfortunately retirement is as much a financial state as it is an age.

That's why the western world is racing towards fascism.

It's either socialism or barbarism, as Rosa Luxemburg put it.

The less sustainable this economic model becomes, especially now that the overexploited nations of the Global South start emancipating themselves and the fruits of imperialism become fewer and fewer, the more state mandated violence will have to be exerted upon us by the capitalist class to keep us from organizing against them.

There will be no retirement plans for most of us. We will die working. Those that will refuse to work themselves to death will be criminalized or slowly killed by the powers that be (existing as homeless is already virtually illegal). Those that are caught living in illegality will be put in prisons and will be loaned out to companies as prison labour (already legal in the US).

That is if we don't die in another Great War just to resuscitate the powers of the empire over the Global South.

It'll look like a lot of old people working themselves to death, or dying on the street AND future conservative politicians pointing backwards and saying "This is all because you voted for {insert socialist or left leading etc government here} but if we had have conserved X, Y, and Z like we said back then this wouldn't have happened. Only my conservative/far right or variant of nazi party can get us out of this trouble."

It's what they've been doing for decades, and the fucking idiots keep on believing that bullshit decade after decade.

Don't worry, climate collapse will render industrial agriculture extremely difficult in the current form and society will collapse from there. It's really a tossup as to who gets it worse, but the whole world will be thrown into chaos and any retirement plan that you DO have will be obliterated and stolen by technocrats and before they too crash and burn.

I wish that it were any other way but every single time I see something about the climate, it is scientists discovering that things are actually happening sooner and worse than they thought. This has been happening for at least 15 years. What was once "2100 or beyond" became "by 2100" became "by the end of the century" became "around mid century" became "by 2050" became "it could happen any day. It may have already tipped over the edge"

I'm tired.

A lot of them will work shit jobs until they keel over delivering Doordash or shouting "welcome to Walmart."

Exactly the way the system was designed.

oh it's gonna be a lot sooner than 30 years.

The vast majority of genx have had their retirement savings raided over and over again. 2000, 2009, covid, now - each saw people raiding their retirement to make ends meet short term. It used to work in a 'well, we pull funds out of this now but we'll be more diligent saving when times are good - "

the good times for most folks rarely came back. I know people in their late 40s and 50s who have basically nothing, and with little hope to keep their head above water, much less pour massive amounts of their income into making up for lost savings.

This is already happening. Every store in my vicinity has people who look like they should be spending time with their grandchildren doing menial service jobs.

Long term, I predict a violent revolution of the young overthrowing the tyranny of the old.

Aging societies tend to divert resources from the young to the old. People vote for their own interests. When retirees outnumber parents, more money goes to retirees and less to kids. This lowers the birth rate even more and continues the spiral. In increasingly aging societies, young people face the prospect of having to pay a lifetime of ruinously high taxes (far higher than their elders did) to pay for the retirements of the old that outnumber them. And they'll do this knowing that they themselves will never have a retirement of anywhere near the quality of the retirements they're being taxed to death to fund.

Long term, we're entering a very dangerous situation in developed countries. We have a trifecta of three dangerous conditions:

1. The young will be ruinously taxed to fund retirements of existing elderly, a retirement far more generous than they will ever receive.
2. The young will be completely shut out of political power due to being outnumbered by the old.
3. The young are the only ones actually capable of fighting in a war.

These are the conditions that historically brew revolutions. People take up arms typically when they see no hope for the future or feel they have nothing to lose. The young may not be able to outvote the old. But they certainly can outshoot the old.

Hahahahahahahahahaha

Do you think we're actually going to survive the next 30 years?

We are putting as much energy as 13 fatman bombs into the planet's environment EVERY SECOND.

The only time in the past 25 years we weren't putting energy into the system, and the earth could radiate out more energy than we put into it, was summer 2002.

What's a "retirement age"? That's what's gonna happen.

I truly don't know what my wife and I are going to do. I can't seem to hold down a job for more than a year at a time, and when I do have work there is nothing left beyond bills, food, and car. It's just too much.

30 years? it’s happening already! But hey at least Israel has free education and free health coverage and they are killing all their neighbors and taking their homes on our dime. It’s not like the most powerful military in history is being cucked by israel!

Poverty. Mass, wide scale poverty.

My retirement is wandering out into the deadly heat wave so my children don’t waste water on me

Ahahahah, retirement?!?

That ship has sailed, hit an iceberg, annoyed a gang of killer whales, suffered a meteor impact and sunk into a nuclear testing site. It caught fire shortly after.

I'm saving for it, but deep down I know they'll find me dead in my office at 90, and give me a disciplinary for the unmarked papers.

Boardroom suicide bombings probably.

In 30 years? Its happening now to anyone that ever had a medical emergency or a layoff . I think the administration just made it easier for people to borrow against their already meager retirement

That's assuming that we're still here in 30 years, and not living is post apocalyptic wasteland

A lot of suicides

It's going to look like it does now, only with 30 more years of negligence, incompetence, corruption, and willful destruction.

Unless we change it.

I went off a medication a couple years ago but I didn't tell anyone. I still get it filled routinely, my benefits pay for it. It's hidden away in a safe place for when it's time for me to go. I figure maybe 8 more years.

The same as every generation. The whole reason Social Security was started here in the US is because there were so many indigent old people.

And it's been running out of money since forever, I always figured I'm just paying for my mom's generation and I won't get anything but my kids think they are paying for me and I will get social security but they won't.

Whatever. It was so difficult to work while raising a family, now they are grown it's not so bad, why not work now? I could have used years off better when younger. I would happily work now to pay taxes to support younger people's retirement, and medical/parental paid leave, honestly, even if I can't personally retire.

They really need to remove the income cap on the FICA tax here. It's regressive.

high capacity morgues, crowded street people camps, lucky ones living with their kids

Just ask the Chileans that started retiring in the 2010s what will happen in 30 years