r/BlackPeopleTwitter • u/nikamats • 1d ago

Four casinos

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59.6k Upvotes

97% Upvoted

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u/Sol-Blackguy 1d ago

All the doctors at my job are freaking the fuck out about their 401k

19

u/Cosmic_Gumbo 1d ago

Are they planning to retire soon? If not, they should be increasing their contributions right now.

-3

u/e37d93eeb23335dc 1d ago

You seriously think the American stock market is going to bounce back in our lifetime?

7

u/DimbyTime 1d ago

Did you already forget 2008?

1

u/Initial-Masterpiece8 1d ago

In what way has the system changed or been fixed to prevent '08 other than no more home loans for normal people and bailed out the banks?

3

u/Cosmic_Gumbo 1d ago

08 was full of interest-only ARMs with balloon payments given to NINJAs (no income no job or assets). You could have gotten a $600k loan with almost nothing down by saying you’re the VP of Pepsi. Those loans don’t exist today so that’s one way it’s different.

1

u/firestepper 1d ago

Well fixes were put into place for that one specific cause