650
submitted 11 months ago by [email protected] to c/[email protected]

Of all generational cohorts, older millennials are most likely to generate enough income to retire comfortably, according to the latest Vanguard Retirement Readiness report.

Specifically, millennials aged 37-41 have the greatest chance of landing a comfortable retirement.

you are viewing a single comment's thread
view the rest of the comments
[-] [email protected] 24 points 11 months ago

If I were to go back in time the the 80s, 70, 60, etc. They would have a similar list of problems that seem insurmountable, but we keep going on and things have gotten better over time.

In 1990, 1.9 billion people lived in extreme poverty, representing 36% of the world’s population. By 2019, this number had fallen to 9.2% — about 703 million people.

https://www.worldvision.org/sponsorship-news-stories/global-poverty-facts

Over the past generation, extreme poverty declined hugely, and there are more than a billion fewer people living below the International Poverty Line of $2.15 per day today than in 1990. On average, the number declined by 47 million every year, or 130,000 people each day.n

https://ourworldindata.org/poverty

Women's access to education has improved significantly in many parts of the world. According to the National Intelligence Council’s Strategic Futures Group, there have been decades of improvements in women’s formal education

https://www.dni.gov/index.php/gt2040-home/gt2040-deeper-looks/future-of-womens-rights

Women's financial liberation has improved in the United States. Women now have access to credit cards in their own name and can get bank loans without a male co-signer

https://wbl.worldbank.org/content/dam/sites/wbl/documents/2023/Chapter%201%20The%20State%20of%20Women%E2%80%99s%20Legal%20Rights.pdf

The ACA has improved healthcare in various ways, including providing health insurance coverage to 20 million more Americans, protecting people with preexisting conditions from discrimination, and expanding Medicaid

https://www.americanprogress.org/article/10-ways-aca-improved-health-care-past-decade/

For every step back that we hyper focus on, there are two step forwards that we don't even think about. All our problems have solutions, just don't give into negative thoughts.

[-] [email protected] 15 points 11 months ago

I'm always skeptical of poverty statistics because I believe the metric to meet poverty is wrong. For instance the bureau of statistics puts the poverty line at just under 15k annually. Please tell me how a person making 20k a year affords housing, food, and other basic necessities without government assistance.

[-] [email protected] 2 points 11 months ago

15k in North America is different than 15k in the Philippines or Botswana

[-] [email protected] 8 points 11 months ago

You're correct but the bureau of statistics is American so that's really where I'm talking about. However this data point doesn't give a lot of faith that the statistic for other countries is accurate either.

load more comments (8 replies)
this post was submitted on 06 Oct 2023
650 points (93.4% liked)

World News

38569 readers
2537 users here now

A community for discussing events around the World

Rules:

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS