11–20 of 120 posts
Doesn't this depend heavily on inflation? With the ballooning US debt, how do people imagine the government will continue to pay interest without massive inflation in a few decades?
It's the lower / middle class who have cash savings that get wrecked by inflation.
Doesn't this depend heavily on inflation? With the ballooning US debt, how do people imagine the government will continue to pay interest without massive inflation in a few decades?
Doesn't this depend heavily on inflation? With the ballooning US debt, how do people imagine the government will continue to pay interest without massive inflation in a few decades?
Doesn't this depend heavily on inflation? With the ballooning US debt, how do people imagine the government will continue to pay interest without massive inflation in a few decades?
Im guilty of this, just a few years ago I started researching it even though its been a problem for decades or more.
The news media puts wars on the front page and the debt on the back page if its reported at all.
In my opinion this one of the biggest existential threats to America and the main stream media isnt even raising any red flags.
This analysis doesn't seem to account for inflation? In 40 years, withdrawing $140,000 will not be nearly as much. For reference, inflation over the last 40 years has been 300%. So you're talking about $47k in inflation adjusted purchasing power in 40 years.
Companies are essentially subsidizing $1M (or more now?) mortgages if you are willing to go into their SV offices. You don't have to retire there! Just sell the house and move on.
This analysis doesn't seem to account for inflation? In 40 years, withdrawing $140,000 will not be nearly as much. For reference, inflation over the last 40 years has been 300%. So you're talking about $47k in inflation adjusted purchasing power in 40 years.
I wonder what the number would be assuming you own your own home. I thought it would make a real difference, but instead of $60K/year you spend on renting a house (in his calculation), you'd spend $30K/year on property taxes :-(( So, not much of difference if you own a $2M house.
Not if you bought a couple decades ago or inherited from your parents.
Doesn't this depend heavily on inflation? With the ballooning US debt, how do people imagine the government will continue to pay interest without massive inflation in a few decades?
Presumably their investments would inflate as well. Unfortunately, the asset owning class is protected by inflation in that way. It's the lower / middle class who have cash savings that get wrecked by inflation.
Companies are essentially subsidizing $1M (or more now?) mortgages if you are willing to go into their SV offices. You don't have to retire there! Just sell the house and move on.
I hadn’t heard of this, what are some example companies I can look at?