Finance

2279 readers

1 users here now

Economic and financial news from around the world, including cryptocurrency and blockchain.

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago

MODERATORS

50% of Americans Can't Afford Their Lifestyle in Retirement: How to Avoid That Fate (finance.yahoo.com)

submitted 1 year ago* (last edited 1 year ago) by brihuang95@sopuli.xyz to c/finance

13 comments fedilink hide all child comments

It's a bit of a clickbait-y headline, but thought I'd share this here as a reference for folks who are thinking about their long-term financial plans.

you are viewing a single comment's thread
view the rest of the comments

[–] Dominic 2 points 1 year ago

I bet with current knowledge and technologies, humanity could afford to lose 99.999% individuals, and the remaining million would still be better off than those primordial 10 thousand. Society is not likely to collapse.

There's a line of thinking that if we backslide far enough (i.e. lose the Internet, lose electronics, and lose electricity generation), there's no coming back to this point. The industrial revolution wouldn't have happened without easy-to-extract coal and oil. Today's reserves require a fairly high level of technological advancement to access.

For what it's worth, I don't think that humanity is going to hit that point of no return.