161–170 of 276 posts
On its own, this probably doesn't mean anything. But it's important for us to pay attention. Technologists live in a world of negative unemployment, so it's easy to forget that everyone else is subject to macroeconomic cycles. Even if you were laid off after the Dot-Com Crash or the Great Recession, you didn't have it anywhere near as bad as someone outside this industry.
Just wait until you turn 50...
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Don't know any state or federal workers? Traditional pensions are still offered by about 84% of state and local governments. That's cops, teachers, etc.
FYI - California teachers do not pay into SocialSecurity. Their pension is 100% on the backs of the tax payers of CA. Market performance is irrelevant as their pensions are paid regardless of performance.
All 3 stock indexes record high opening. Consumer confidence 20 year high. Enormous USMCA trade deal finally passed by US Congress after the House sat on it for a year. Reuters just salivating over finding something they can spin as negative about the current economy.
In my country, the stock market is at an all time high, even though gdp growth is at a 13 year low and unemployment is the highest in 40+ years. Stock markets often don't reflect the actual state of the economy
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And what percentage of the poorest 50% of Americans have even $5,000 in any kind of retirement savings?
With platforms like robinhood, and the trend toward lowering the bar to investment, even people like me ( <3% of income is "disposable" (which in and of itself probably isnt true as I have student debt)) can start doing SOME investment. Ive been poor my whole life, and have made a point since my teens to keep savings. Only recently did I begin investing however. This is a result of benig surrounded by people who don'…
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Most news organizations are biased one way or another. About 90% of reporters are left of center, that probably also applies to Reuters. They do keep the spin to a minimum, I’ll give them that.
What amazes me is how easy it is for people to be radicalized by watching a single news source. My parents have literally been radicalized from normal moderate folks to "crazy conspiracy people" by watching Fox News and, I suspect, this is a broadly true statement amongst a very large swath of the elderly population.
On its own, this probably doesn't mean anything. But it's important for us to pay attention. Technologists live in a world of negative unemployment, so it's easy to forget that everyone else is subject to macroeconomic cycles. Even if you were laid off after the Dot-Com Crash or the Great Recession, you didn't have it anywhere near as bad as someone outside this industry.
Earlier quoted context omitted.
FYI - California teachers do not pay into SocialSecurity. Their pension is 100% on the backs of the tax payers of CA. Market performance is irrelevant as their pensions are paid regardless of performance.
Market performance is only irrelevant as far as the amount the retirees see on their checks -- it's relevant to CA taxpayers because the money has to come from somewhere if the market underperforms.
On its own, this probably doesn't mean anything. But it's important for us to pay attention. Technologists live in a world of negative unemployment, so it's easy to forget that everyone else is subject to macroeconomic cycles. Even if you were laid off after the Dot-Com Crash or the Great Recession, you didn't have it anywhere near as bad as someone outside this industry.
> Technologists live in a world of negative unemployment Just wait until you turn 50...
On its own, this probably doesn't mean anything. But it's important for us to pay attention. Technologists live in a world of negative unemployment, so it's easy to forget that everyone else is subject to macroeconomic cycles. Even if you were laid off after the Dot-Com Crash or the Great Recession, you didn't have it anywhere near as bad as someone outside this industry.
> Technologists live in a world of negative unemployment Just wait until you turn 50...
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> Technologists live in a world of negative unemployment Just wait until you turn 50...
Do you have any recommendations for someone earlier in their career (<50 yo) to avoid or minimize ageism? Go into management? Be prepared to pick a new career?
From a practical standpoint that means don't buy status symbol products (cars, fancy phones, etc) - stick to practical (I drive a '98 Civic that cost me $2400 - great, reliable car). If you buy a house, buy a very practical one in a more affordable neighborhood. Learn to do your own maintenance. Keep your expenses as low as possible. If you don't have a Roth IRA start one today and begin fully funding it. If your work offers a Roth 401k option put some money in there too if you can.
And of course, always be learning new things.