From the Wall Street Journal. Select quotes, rearranged for maximum irony:
The average 401(k) balance was $131,700 at the end of 2024.
“What’s more important to me than having a few extra dollars in my retirement is that this country is set up for success,” Paris said.
The couple have lost $70,000 in retirement savings since January.
“He’s doing some hard work, some things that are very difficult for people to understand and difficult for people to accept,” Williams said, “but it’ll be to our long-term benefit.”
Meanwhile, the share of Americans who haven’t retired and are confident in their retirement prospects fell to 67% from 74% the prior year.
She said she takes solace in the fact that Trump is surrounded by a cabinet full of handpicked experts whose advice she thinks could help avoid further losses.
These people are so delusional.
copium as well.
And wealthy. That they could lose 70k and not feel anything, tells us that they’re wealthy.
Hard to feel much over the pain of having your own head in your ass
Yes, they are.
To add some context to this headline, I estimate that 401k to be well into the seven figure range if it lost $70k since January. That’s just a guess based on the changes I’ve seen in my own account, though.
It just depends on the portfolio. Some stocks in mine have lost 25-30% for reasons entirely attributable to Trump.
Based solely on DJIA’s YTD loss of 2.35%
$70,000/0.0235≈$3,000,000
That’s a funny way to say stupid!
I know people like this. Some are intelligent, but the propaganda they consume warps their minds. They are engulfed in it and it is difficult to throw out all the sources they trust.
No, delusional is the right word. You can be mind numbingly stupid but still see cause and effect; food prices going up after his inauguration is a very basic and tactile thing.
Delusion is taking that lived experience and warping reality to fit your mental narrative.
this is what a political cult looks like.
Any cult, really.