IT JUST DOESN’T WORK ANYMORE! Retirement and Jobs ARE FINISHED!

The days of going to college to get a good paying job and save enough money for retirement are likely gone forever. When you look at how little money Americans have saved for retirement currently, as well as the cost of living combined with the fact that a server at a restaurant can now make more money than someone with a college degree, you know this economy is headed for disaster.

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Articles Mentioned in the Video

#realestate #housingmarket #homeprices #housingmarketcrash

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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.

[micheal_mills]

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

[tatianastarcic]

I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.

[FlorentGulliver]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

[ChadRoberts-xi]

Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k.

[Richardcarlett]

I'm a 52yrs Director in a Tech company and I consider myself a high income earner at $350, 000 per annum, I have a retirement account account but i still want to explore opportunities for short term gains before i start working less in few years.

[markpitchford]

Leaving the US is going to be the new retirement plan.

[basspig]

As a centenarian who retired decades ago, it is shameful that I am still working to pay property taxes on the home that I built 58 years ago for my retirement.

[brentmeg]

I always planned to work in some capacity until the day I die. Retirement is overrated. I am living simply and am able to take my summers off to enjoy my hobbies. I have zero saved for retirement. I’m a 50 year old independent remodeling contractor. The key is to have an eternal perspective. This fallen world is only a temporary home

[lizh]

Sadly, you’ll be retired whether you can afford it or not. Companies don’t want to employ older people.

[Willy_Jean]

Imagine going to college for 6 years, getting your dream job starting at $80K but still can't afford a house

[benjaminmoore]

Made 95k last year welding and I learned that skill for free. While it does not come with the prestige of a degree, I think its something one should consider. 95k with zero debt feels like winning.

[rareroots]

I graduated High School in 1976 to much fanfare because it was America's bicentennial, 200 year birthday. Never in a million years did I think I would live long enough to witness its demise, but here we are.

[jessies]

Just like no Ford F150 is worth $100K, no house like whats on that street is worth $1M. There are only so many people who can afford that, and most of them have their property already. So, keep them. Just like we dont have to buy overpriced cars, we dont have to buy overpriced houses. We not only cant afford them, we dont want them. We are just tired of the games; we dont want to play anymore.

[earle.fergusonmd]

Sorry you haven't met any doctors who care, and I mean that sincerely. As a surgeon, I am fully invested in my patient's wellbeing. There are definitely serious issues with today's medical system, but there are a lot of us who care very much and are as frustrated as the patients. It's the corporate practice of medicine that has turned it into a factory.

Thanks for your videos. I always enjoy them.

[bill]

If you have good health give thanks daily. Same goes for a loving family. Without them life is rough.

[johnvincent]

I'm 58, grew up in the largest city in my state. 25 years ago I had a house built 50 miles outside the city. Now I have zero debt and still live in the same house. Happy as can be. This was done working in a factory with nothing but a high school diploma.

[lkern]

I'm 69 yo. Retired last year. Didn't think I'd live this long (parents died young). I get 2300 a month SS. No debt. I'm moving to Las Vegas to live with my 66 yo retired sister and her 2 cats and will pay 700 (half, though she didn't ask for anything). I'll drive my car (Austin to LV), taking only my bike and whatever I can fit in 4 boxes. I'm still healthy and don't mind working a part-time job, like cleaning, if I need any extra cash. My family, who are doing pretty good and are happy, will stay in Austin though they know they are welcome to move to LV anytime.

[Cozydrone]

My late father retired from new York city at 42.he had a pension for 47 years, let that sink in.he never really knew how lucky and easy he had it.😮..

[davidhunternyc]

Yeah right... "Restaurant jobs have more flexibility, " like having to work weekends and holidays, no paid sick days, no vacation days, no health insurance, and on-call on your scheduled days off... and you can be fired without cause. Sounds great.

[rrandd]

I am currently in my 60s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $200k in a savings account that i want to invest in a non-retirement account. Should i put it in a HYSA or buy stocks?