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] 13 points 1 week ago

We have literally 3 pieces of information on this person:

  • Age 67
  • $700k in retirement savings
  • "hefty" mortgage

That is nowhere near enough to determine that they're financially secure. We don't even know where they live! ~45k a year is not luxurious living anywhere in the US, and their standard of living will only get worse as inflation continues.

Again, just because some people have it worse than this person doesn't mean this person is in a "good" situation.