Some Firefox users noticed playback issues on YouTube for several months. These affected high resolution videos only, from 1080p and up. To make matters worse, no clear pattern could be identified....
Traditionally, retiring entails leaving the workforce permanently. However, experts found that the very definition of retirement is also changing between generations....
HA, I hope people realize how a large amount of Gen X also are not able to retire. This is just accepted that now for people under a certain threshold of wealth retirement is but a fantasy.
I think there is also inflation fear and a understandably low desire to try and save/invest. I know a few people that just had to start working again because the money they had coming in for retirement was not enough for what they thought was their lowest acceptable standard of living.
Its not hard to see with inflation above return on most safe investment vehicles (GICs paying 4.5% max with inflation at 5%) that people don’t see the point.
Sorry but by that logic there is no point in any investment mechanism. Historically GIC rates have been the oposite of what you claim www.ratehub.ca/blog/the-history-of-gic-rates/ <a href=""></a>. For example in 1995 GICs paid 7.1% vs the inflation rate of 1.7%.
I think the odd position that it is “mathematically” impossible to have any expectation of return is indicative of our messed up system.
If inflation is as high as it currently is compared to the collected interest it does not matter how much compounding is done, the buying power of that savings will flatline. Add to this equation the need to eat and live now, the amount most put away is minimal and when something comes up even those meager savings are wiped out.
The math in most households is not working out. Debt is becoming peoples rainy day fund, people are unable to even pay their property taxes with the now insufficient government minimum pensions (and a lot of people don’t think these pensions will even be there when they are eligible). This leaves people selling things (reverse mortgage, downsizing, moving to lower COL areas, etc) taking on debt to live now and generally giving up.
If you put away $50 a week for 10 years you end up with (based on a generous average 2% rate) $28,554.34. This seems like a good amount but keep in mind that you put $26,000 into this. That $2554.24 does not beat the loss of buying power over 10 years. You need much closer or better returns vs inflation for this to work in your favour. I was once told that you would be better off buying some raw metal like lead, or copper as the return on simple materials at least keeps up with costs.
Oh I am not saying people should be the ones wholly responsible for their retirement portfolio, and congrats for having a competent government pension option. I would love to have access to something better then the market equivalent of roulette.
Hell in Canada the pension plan (that you can not get enough to live off at the moment) got a stunning 1.3% return this year. And unlike other plans you need to pay extra for 40 years to get additional funds at the end (no one I know of even thinks of doing this). And some parts of the county want to spin off there own pension plan (Alberta) even though most expect it to perform worse (due to a smaller investment base and using a bad private firm to run it).
Google disrupted YouTube video playback on Firefox, again - gHacks Tech News ( www.ghacks.net )
Some Firefox users noticed playback issues on YouTube for several months. These affected high resolution videos only, from 1080p and up. To make matters worse, no clear pattern could be identified....
What the hell is this shit? Instead of pushing for the return to traditional pensions, capitalism is celebrating the idea that Millennials and Gen Z may simply never be able to stop working. ( www.cnbc.com )
Traditionally, retiring entails leaving the workforce permanently. However, experts found that the very definition of retirement is also changing between generations....