71–80 of 89 posts
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Well, when you are a content company like a newspaper, you need to generate content daily. No matter how crappy it is.
But nobody wants to read "content". We want to read things that actually say something. If your newspaper can't write that, then I will stop buying your newspaper.
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Honestly I'm sick of seeing people post this kind of thing. There's _all kinds_ of reasons people can not have the "expected" amount of savings at _any_ age. Medical. Divorce. Other life disasters. Failed investments. Business failure. These kinds of questions frankly just lead to victim blaming and expose the asker as either (a) having grown up wealthy and staying that way their entire life, or (b) completely callou…
Well, I for one would be interested in hearing those reasons. If for nothing else, to learn from their story.
I spent my 20s going to college, working for a porn company (not as a performer), and then joining the Navy. I paid off student debts, alimony, and child support. I have one successful and one failed startup under my belt. I've always, always, always, lived paycheck to paycheck until recently.
At 40. I was finally able to save up enough for a house in a HCOL city. I have roughly 6 months of savings and not a whole lot for retirement.
At 50 - I'd love to still be in tech, but I don't see it happening. I already see the writing on the wall that I need to start going the management route or I really need to find my niche as an individual contributor to be retained. I'm the old dude on my team.
In retrospect, I had a blast in my 20s and would not change it for the corporate grind that I'm currently in.
All of us have different stories and paths. There is no "right" or "wrong" path, it's all a journey.
Sure, if I had done things a more responsible way I may be in a completely different situation in life. Who knows? I don't.
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> 42% of US existing home purchases were from foreign investors Maybe I misunderstood you, but that article says out of house purchases by foreigners, 42% were by foreign buyers living abroad, and the other 58% were by foreign buyers living in the US. US citizens buying property _vastly_ outweigh foreign buyers, in both numbers and dollar amounts.
I have to find the article, but my understanding is 15% of all US residential real estate is bought by foreign buyers, and then combined with the 25% that's bought by investment firms, a total of around 40% of the US housing marking is off the table.... Should be pretty easy to find the articles. EDIT: it should be noted, that foreign investment was down the last couple years do to covid, though.
It’s not. If an article says that, it’s using such an absurd methodology that renders it useless.
The number likely hovers around 2-3% depending on how you define foreign investor.
There’s no QA around these types of articles and every incentive to just come up with the biggest number possible to try and rile people up. Often these are press reports from people with vested interests in real estate.
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I would assume OP is referring to unemployment benefits.
Do you know where I can learn more about this? I’ve never heard of a rule like that before
https://archive.is/nUklO TLDR: * most of the workers being laid off are not engineers * the laid off engineers are either being hired by “old school” industries like John Deere or carmakers or are creating new startups, many around generative AI. Honestly am impressed at how wasteful such articles are in how little content they actually contain.
The Economist isn't a tech publication. A lot of the context around tech layoffs is more familiar to HN than the average reader.
The article seems to be 100% content and context to me. No waste at all. You personally just happen to know a lot of the context already. But that doesn't make it "waste".
Being laid off at 50 is fairly brutal but hoping to find something using my django experience and get back to work. Fortunately my mom is still alive I had to move in with her, I had already been laid off once, when you are laid off 2 times in one year they force you to go 6 months with no income whatsoever as a form of punishment.
Sorry to hear this and good luck in the search. Out of curiosity, at age 50, wondering why you wouldn't have a substantial savings by this age, enough to avoid losing housing? Or are you simply living with your mom to reduce the impact on that savings? Sorry if i'm making it sound like everyone at 50 should have a ton of money, I know thats not the case. Just curious.
I've only been working in tech for 9 years, much of that was paid pretty low. And I live in a very HCOL city. Unfortunately living with parents is not an option, but I live in a house with 9 other people and have been cooking rice and beans and saving as much as possible, so if I get laid off, between low rent (for my city) and my savings and RRSP I can get by for a little over a year if I absolutely have to. I'd have to start withdrawing from my RRSP (Canadian version of 401K) at around the 10 month mark.
I actually really want to quit my job and try starting my own business, but I feel like it's a terrible time for it. If I get laid off I at least get some benefits from the govt, which I think will extend my cushion by a month or 2.
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Well, I for one would be interested in hearing those reasons. If for nothing else, to learn from their story.
Not OP, but reasons that are pretty easy to imagine: - Living in America and suffering from either cancer, heart disease, or any chronic illness. - Have any number of children and not having a family member available to care for them before they are of school age and after school from Kindergarten until whatever local laws permit for the child to be home alone for a few hours a day. - Buying a home at the wrong time…
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Well, I for one would be interested in hearing those reasons. If for nothing else, to learn from their story.
The point is, it's nobody's business why. The reasons are probably personal. Even asking opens a form of blame-game dialogue instead of beneficial and productive conversation.
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Well, I for one would be interested in hearing those reasons. If for nothing else, to learn from their story.
I'm 40. I'm a single parent and divorced. I'm a Veteran. I spent my 20s going to college, working for a porn company (not as a performer), and then joining the Navy. I paid off student debts, alimony, and child support. I have one successful and one failed startup under my belt. I've always, always, always, lived paycheck to paycheck until recently. At 40. I was finally able to save up enough for a house in a HCOL ci…
it was on HN: at CIA and NSA. Not a big change of domain, if you ask me.