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] 6 points 1 week ago* (last edited 1 week ago) (8 children)

He is financially secure enough, he just doesn't want to have to downsize and budget - ie live like a normal person. That's the point of the post, someone who is wealthy enough to retire is whingeing that he can't afford to retire when the truth is he absolutely can afford to retire if he's satisfied with living comfortably rather than luxuriously. Most people nowadays will never own their own home, work multiple jobs and go without heating and meals, barely surviving, while this man complains he can't both retire right now and keep living an above-average lifestyle.

[–] [email protected] 15 points 1 week ago* (last edited 1 week ago) (4 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.

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