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This 81-year-old still works at Home Depot to support herself and her 90-year-old husband
(www.businessinsider.com)
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this post was submitted on 04 Aug 2025
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Who gives a shit? No one should have to spend their 80s working
I understand the sentiment but what he is saying is also important. Imagine, starting tomorrow everyone above 60 will get 5000 dolars every month. Will this couple in particular be able to live with it or will they make more bad choices.
I'm 100% pro supporting the retired community but Financial literacy is also very important, otherwise it doesn't matter how much money you give them.
It's so important to teach finamcial literacy from an early age
edit: just to add I'm not american. My.mother is 70yo and in my country retirement is supported by the government, but she still makes shitty choices from time to time.
That's why you don't give out money, you subsidize what people need in their age - rent, mobility, care. You can't make wrong decisions with money that is bound to services - it also means whatever comes, they are neither threatened by homelessness nor isolation. But that would be socialism, and we know how the US thinks about that, regardless of consequences like letting old people die in the streets.
I will be able to afford to retire where I live, I cant afford to retire in Manhattan or Monaco.
Is that really the only solution? A one liner?
It should rather be possible for some people to live in a retirement home.
I'm sure it was just an example.
An example of something that doesn't work, is not a very good argument that it is impossible to make work.
They are today still making choices which are forcing them to work. They might be able to not work if they move to a cheaper area and give up their expensive car.
Like move to a different state? They have family and friends there probably and also moving can be expensive.
But I agree, some people can make bad financial choices, but mostly it's not educated choices. So they need help either way, probably financially and consulting.
Then they have a new problem; isolation. Given having to work or be isolated, work is better
What you said doesn't address what he said.