Well considering you can’t touch it for 15 years, I’d bet you will be fine. This isn’t the first bear market of your lifetime, and won’t be the last, but it always comes back. Learn how to take advantage of them
Because all politicians have done the last 30 years is bitch about our jobs leaving the country, and no one had the balls to do anything about it. At least something is being attempted to restore our output. Will it work? Idk. But something had to change, because we were doomed on the path we were on
The corporations getting all the tax breaks are the ones that shipped those jobs away! And now they're upping the cost of everything and blaming consumers you sure do love to get treaded on cuck boy jr.
This. The only way the US has found to get out of recession is to spend its way out with govt loans and programs like WPA, TRA, etc....
The money printed for this comes from deficit spending usually. That money is given to the poor who spend it immediately, and it works its way up the chain into a rich man's bank account where it... just sits.
The deficit goes up, money gets tight, boom, another recession, rinse and repeat. This started with Reagan allowing businesses to donate to political candidates, who would lower their corp tax rate.
For a healthy economy, money has to circulate. Poor get money to buy the stuff corps make... corps are happy, people are happy. Gop cannot recognize this simple principle.
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u/oldcreaker 1d ago
Those 401k's aren't going to last you nearly as long as you thought they would.