/biz/ - Business & Finance

This time the recession won't be as bad because no Western government has enough borrowing capacity to bail out banks anymore.
What we will see is a real market adjustment that should've happened in 08/09 (and later on with the Euro crisis) whereby some players go bust and more adaptable/liquid ones take their place. This adjustment was cock-blocked by retarded boomerjew governments who saw rescuing big players as a priority.
It will be a short slump followed by a quicker recovery as opposed to the protracted slowdown we've been experienced for a decade.
So long as there isn't a significant reduction in resources, manpower, skills, infrastructure and economic liberties available (something that usually only happens in catastrophic events like total war), the market will adjust itself.

Pension funds will be absolutely fucked though. Old people who don't have adult offspring in good terms are all out of luck.

>Just save a little bit from every paycheck and store it in your bank account

>if you earn as much money as you can now, you might be lucky enough to retire when you're 50 and then you can do whatever you want

>Invest in property it always goes up. A few more years and you'll be able to afford a house

daily reminder that boomers are all going to be dead soon

>>4653170
Replace all of these faces with screaming pink wojaks hahaha that shit would be comedy gold

I posted this thread before but didn't get enough responses

What will life in the US be like long term? I think very bad.

I'm just think about the future of the country around my retirement time. To live a comfy retirement in my city I will need about 2 million dollars. I'm saving a lot but still not on track yet.

I can't imagine any of my normie friends are saving for retirement at anywhere near this pace. Social security will dry up by the time I'm ready to retire, they will have no social security and no retirement savings. Almost all millenialls will work until they die.

This means they won't vacate their jobs so the newer generation won't be able to find work, which there will already be much less of because of AI.

On top of that, with the ever increasing education requirements just to get a full time position not in a trade, pretty soon the minimum requirements will be a Bachelor's degree. Maybe even PhD. That means you will have people nearing 30 years old who have never worked and are in tons of student loan debt.

All/most trade jobs have already moved out of the US because no one wants to pay a unionized US ironworker 65 bucks an hour or a crane operator 150 per hour (I've seen their payroll sheets, I know).

The only way people will be able to survive is if the government induces universal basic income, otherwise there will be a 50% unemployment rate. There won't be enough menial jobs for the high schoolers and dindus. We're headed for basically Communism. My father left Communist Poland in the early 80s and he said it's getting worse here than it was there.


Can we discuss the possibilities please because I'm pretty scared for my future. Might move back to Poland actually.

What will life in the US be like long term? I think very bad.

I'm just think about the future of the country around my retirement time. To live a comfy retirement in my city I will need about 2 million dollars. I'm saving a lot but still not on track yet.

I can't imagine any of my normie friends are saving for retirement at anywhere near this pace. Social security will dry up by the time I'm ready to retire, they will have no social security and no retirement savings. Almost all millenialls will work until they die.

This means they won't vacate their jobs so the newer generation won't be able to find work, which there will already be much less of because of AI.

On top of that, with the ever increasing education requirements just to get a full time position not in a trade, pretty soon the minimum requirements will be a Bachelor's degree. Maybe even PhD. That means you will have people nearing 30 years old who have never worked and are in tons of student loan debt.

The only way people will be able to survive is if the government induces universal basic income. We're headed for basically Communism. My father left Communist Poland in the early 80s and he said it's getting worse here than it was there.


Can we discuss the possibilities please because I'm pretty scared for my future. Might move back to Poland actually.

They can't get away with this

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>>2699653
dadposting is the new shitposting

>>2644773
>convo
>what a stupid comment
You lost gramps?