this post was submitted on 15 May 2025
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I spoke the other day about rich people whingeing that they don't have enough to retire in luxury. In today's news there is a 67 year old man who hates his job and wants to retire. However the poor thing only has $700K saved up. This only gives him $28K a year in interest. sadness Poor old dear still hasn't paid off his mortgage so how will he manage on that?

How the other half live.

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[–] [email protected] 15 points 1 week ago* (last edited 1 week ago) (2 children)

65% of Americans are homeowners. It's really not that luxurious, especially with a mortgage.

And what is he to downsize to? Renting? He should just subjugate himself to the whims of landlords while on a fixed income if he wants to retire? In a lot of places $28k a year is barely enough for a one bedroom and a car. I lived in a cockroach infested studio with no car when I made that much. It wasn't even in a major metro area and I'm young and can walk everywhere.

You're getting mad at a guy that almost managed to play the game right and scrape by instead of the game that fucks most of us over.