Study: More than half of US seniors live in poverty

Discussion in 'Wall St. News' started by earth_imperator, Jul 27, 2022.

  1. M.W.

    M.W.

    Do you have a link to show large growing operations pay below minimum wage?

     
    #11     Jul 27, 2022
  2. Me too! :)
    ST Enterprise is a more realistic possible future than the ones playing 100+ years later.
    Except the far-fetched unrealistic time-travel stuff, of course :)

     
    Last edited: Jul 27, 2022
    #12     Jul 27, 2022
    nooby_mcnoob likes this.
  3. M.W.

    M.W.

    Which simply tells you that only half the population participated. So far you only denigrated half the previous generation rather than demonstrating why that is/was the case. I doubt anyone intentionally sat back and relaxed when everyone else worked hard. A lot of boomers back then encouraged women to stay in the kitchen or take on meaningless "support jobs" and when you couple that with the high divorce rates we see through several decades then there should be no surprise that they have very little to make ends meet.

     
    #13     Jul 27, 2022
  4. newwurldmn

    newwurldmn

    irrelevant. the point was to counter his anti-immigration argument.
     
    #14     Jul 27, 2022
    VPhantom likes this.
  5. newwurldmn

    newwurldmn

    i don't feel sorry for the generation.

    you can if you like: like you feel sorry for Russians who can't buy mcdonald's french fries but not for ukrainians who are being bombed.
     
    #15     Jul 27, 2022
    VPhantom likes this.
  6. M.W.

    M.W.

    I never said nor suggested about Russia or Ukraine what you claimed. Don't be an asshole.

    I don't feel sorry for the generation, I just pointed out that the lie of the American dream is dead for a long time except the few who enjoy the incredible combination of being 70% extremely lucky, 15% extraordinary smart and hard working and 15% being very well connected.

     
    #16     Jul 27, 2022
  7. M.W.

    M.W.

    You apparently seem to make up stuff along the way, same as how you put words in my mouth. Your $2 wages are completely made up and nowhere near reality. The reason I pointed it out is because the reality actually defeats your entire argument. They are paid closer to minimum wage which makes it actually competitive with 20 to 30% of all jobs in the US. Or do you actually believe everyone at Walmart, gas stations, low level admin jobs even in technology, get paid much more than minimum wage? Reality is that a large swath of the population gets paid very little and can only make ends meet in multi member family homes with multiple income earners. The economic model currently run is pushing a large portion of the population into poverty and close to collapse while regulators stand by and do nothing when corrupt CEOs who ran their corporations into the ground get paid dozens of million in parting gifts. Media play a big part in hiding the true state of the economy and condition of households. Immigrant workers very much compete with a significant portion of the US population, if you deny that then you are simply ill informed.

     
    #17     Jul 27, 2022
  8. notagain

    notagain

    Disposable income went to the top tier only.
    Even when Trump or Reagan were in charge, 80% of the population had no increase in disposable income.
    Economic justice should be MAGA's main focus, it would be nice if our votes were counted honestly.
     
    #18     Jul 27, 2022
    VPhantom likes this.
  9. virtusa

    virtusa

    If a real study would be made for the Russians, 85% of seniors would be living in poverty. As of January 1, 2022, retirees in Russia received a gross pension of approximately 16.9 thousand Russian rubles on average, or 259 U.S. dollars per month at the exchange rate as of May 5, 2022.

    And if you take the whole Russian population the numbers would surely exceed 75%.
    https://www.statista.com/statistics/

    The average per capita income in Russia reached approximately 40 thousand Russian rubles in 2021. That 665 usd.
     
    #19     Jul 27, 2022
  10. M.W.

    M.W.

    Don't hold your breath. A revolution and revolt is a far way down the road. Until then expect more graft, nepotism, scandals, and unethical and outright illegal business dealings among the elites...

     
    #20     Jul 27, 2022