780
Retirees 'stunned' as market turmoil over tariffs shrinks their 401(k)s
(www.nbcnews.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 05 Apr 2025
780 points (100.0% liked)
News
28442 readers
3677 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 2 years ago
MODERATORS
... The boomers have majority supported Republicans ... for the last 20 years.
Which I specifically mentioned.
Your own source shows:
50-64 at a 56 to 43 for Trump
65+ tied at 49 to 49
Wonderful, great, a few of them finally realized that maybe now that they actually need Social Security and they want to actually draw from their 401ks... after majority supporting 401ks over unions+pensions for 20 years.
How typical. A few of them finally figured out maybe spending 20 years supporting corporate profligacy and then betting their retirements on the stock market ... is bad, when the obvious problem with a stock market based retirement plan... actually looks like/is actually happening, to them, personally.
You are bringing race into this. I did not.
If you purely go by age alone, which is how you actually define a Boomer...
30-39 (16%) is 50 to 46, Harris.
40-49 (16%) is 48 to 50, Trump.
They are neatly both 16% of the total sample, so...
30-49 is 49 to 48, Harris.
Wonderful, younger Millenials to younger to mid GenX went for Harris by a point.
But I am not talking about them, I am talking about Boomers, over the last 20 years of their existence.
A tiny bit of the older ones shifted course after it was too late to undo what their disproportionately large, wealthy, and influential generational cohort has supported for 20 years.
I guess 'they'll be sorry/regret their decisions when they're older', another common boomerism often directed toward anyone younger than them that makes a life choice or holds a worldview they disagree with.
This is a perfect time to laugh at Boomers collectively.
They got what they said they wanted, and only now, after its all too late, did they almost, but not quite, flip over to 'this is not what i wanted.'
If this isn't clear, obviously not all boomers individually deserve this scorn, but uh, collectively... they do.
What do you mean "collectively"
Would you accept responsibility for somebody else's actions because they were born within the same arbitrary block of years as you?
I mean collectively by collectively.
Different groups with different specific membership criteria, different descriptive attributes... often, in general, tend to behave differently.
Try writing a history book involving dynamics and differences between groups that doesn't involve this. Or a medical study. Or a psychological study.
Statistics is the art of going from an unfounded stereotype or complete guess to an actually valid characterization of specified groups according to descriptive parameters.
Of course... these are general descriptors of a group, and do not accurately and perfectly describe every member of a group.
No, I wouldn't personally accept responsibility for something a bunch of people my age did... but I would accept that it would be reasonable for other people who didn't know me personally but just knew my age group to make certain reasonable assumptions about me that are actually borne out my the data.
Of course, one should always just have that as a kind of background knowledge and not judge every single book you meet by its cover, you should read the contents of their character if you want to really know them.
But at the same time, that is very time consuming to do with... literally everyone, so it is useful to have basic guidelines for what to expect from certain kinds of people, but not actually judge them or act toward them in a prejudiced way untill they specifically, individually confirm or disconfirm their sameness or difference from your preconceived notion.
Like uh... I am a millenial, and I know it is statistically valid for me to assume myself and other millenials have actual, comprehensive computer troubleshooting skills than boomers or zoomers.
I know a boomer is more likely to be a big Led Zeppelin fan, and a zoomer is more likely to be a fan of whateve is on Lo-fi girl... and I know that millenials are more likely to still be using the term 'doggo' and 'chonker' unironically, as well as think that the dialogue in the Borderlands games is cool.
Do I use doggo and chonker? Yeah, you got me, I still do sometimes.
Do I think Borderlands style, 'Millenial writing' is good? Fuck no, I hate that shit, bounced off those games half for the bullet spongy gameplay I just didn't like (Im much more of a realism/tac shooter/milsim kinda guy when it comes to gunplay) and half for the character writing that I found to be just fucking awful, rude, crass, annoying, self-important, cringe inducing.
I did like the art style though.
But anyway: I would not be surprised if someone just knew my age, that I like video games and am a dork, didn't know me beyond that, and then kinda assumed I was into Borderlands for the writing. I would be miffed if they were 100% convinced of this and acted as if it was true without ever actually asking me, but if they did ask, I wouldn't be offended by the question.
I ain't reading all that