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Young people blame climate change
for their small 401(k) balances

Original Article

Posted By: NorthernDog, 8/5/2019 11:37:46 AM

Lori Rodriguez, a 27-year-old communications professional in New York City, is not saving for retirement, and it isn’t necessarily because she can’t afford to — it’s because she doesn’t expect it to matter. Like many people her age, Rodriguez believes climate change will have catastrophic effects on our planet. Some 88% of millennials — a higher percentage than any other age group — accept that climate change is happening, and 69% say it will impact them in their lifetimes. Engulfed in a constant barrage of depressing news stories, many young people are skeptical about saving for an uncertain future. “I

Comments:

It's too hot to save money?

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Reply 1 - Posted by: Northcross 8/5/2019 11:40:04 AM (No. 143318)
Then when she does retire at age 45, she will expect the rest of us to support her. A perfect poster child for liberal insanity.
13 people like this.

Reply 2 - Posted by: southernboy 8/5/2019 11:41:27 AM (No. 143319)
That's really dumb! And is just an excuse!
8 people like this.

Reply 3 - Posted by: hammondb3 8/5/2019 11:45:02 AM (No. 143324)
No longer is it 'global warming'. Now corporations are to blame for ALL weather that we do not like - hot, cold, dry, wet. Does not matter, the lemmings have been brainwashed into a state of angst against anything that is productive... while their taskmasters sly all over the world in their private jets.
5 people like this.

Reply 4 - Posted by: john56 8/5/2019 11:45:18 AM (No. 143325)
Lori, here's a hint. To build a 401k balance in your 40s and 50s for your 60s and beyond, you gotta start in your 20s. But then again, AOC says we has 12 years left, so party on!
7 people like this.

Reply 5 - Posted by: hammondb3 8/5/2019 11:46:09 AM (No. 143328)
PLEASE, Lucianne, LET YOUR POSTERS EDIT THEIR POST for at least 2 minutes after they have been made! 'FLY around the world' in the previous post.
4 people like this.

Reply 6 - Posted by: Scribelus 8/5/2019 11:48:07 AM (No. 143332)
Just like Congress. Any excuse will permit spend, spend, spend!
0 people like this.

Reply 7 - Posted by: learner 8/5/2019 11:48:18 AM (No. 143333)
Chicken Little is alive and well in the minds of millenials.
3 people like this.

Reply 8 - Posted by: M2 8/5/2019 11:51:10 AM (No. 143336)
Blame, blame, blame. What would millennials do if they couldn't blame everything and everybody else for their pitiful circumstances? Snowflakery has become a way of life for these loud, entitled, arrogant, puerile, basement-dwelling do-nothing, know-nothing cyphers.
8 people like this.

Reply 9 - Posted by: offrope 8/5/2019 11:56:15 AM (No. 143347)
These people are in for a rude awakening when SS isn't there, and they have no savings either.
5 people like this.

Reply 10 - Posted by: jacksin5 8/5/2019 12:03:37 PM (No. 143350)
Millennials live way beyond their means. For example, look who makes up the lines at the Apple Store everytime a new $1K phone comes out. Once they have gone through all the wealth accumulated by their parents, they will be broke.
11 people like this.

Reply 11 - Posted by: Lucky5 8/5/2019 12:12:40 PM (No. 143362)
I am here to tell you the public schools have brainwashed them. My youngest (20), argues with me about "climate change" and thinks I am a loon for not believing in it. It is disturbing to say the least. My older two seemed to not have been quite as indoctrinated. I already told all three kids, I will help pay for private schools when they have kids of their own. I was unable to send them, due to ex husband who thought that was a ridiculous idea. Public schools are the hive for left wing indoctrination. It is frighting to me. We need more brave conservatives to get back in there!
6 people like this.

Reply 12 - Posted by: CEP 8/5/2019 12:19:33 PM (No. 143368)
This is just plain stupid, these young people are so ignorant.
2 people like this.

Reply 13 - Posted by: Clinger 8/5/2019 12:20:28 PM (No. 143369)
I couldn't agree more with them.. The change in the political climate in the 60's with LBJ's great welfare society building on progressive socialists before him has indeed shredded the ability to save for retirement by any and all means. Mission accomplished, now we can build the gulags.
1 person likes this.

Reply 14 - Posted by: Golden Goose 8/5/2019 12:24:25 PM (No. 143373)
We've all done it, #5; but proofreading would be better than certain problems that could accompany editing. I'm not trying to lecture you, though.
2 people like this.

Reply 15 - Posted by: Starboard_side 8/5/2019 12:30:27 PM (No. 143379)
#12, it's not just the schools, but nearly all of the children programming and children books. When you start to see the property along Malibu Colony (that strip of sand with homes directly ON the Beach) drop significantly in value, then you're likely on to something. And, if it's a significant issue, I'd suspect they must have disclosure to such affect.
2 people like this.

Reply 16 - Posted by: AltaD 8/5/2019 12:47:19 PM (No. 143395)
FTA: “Psychologically, this population has had more shocks to expectations about their futures than past generations. Is he serious? From WWI to Vietnam generations of young men faced uncertain futures, they didn't know whether or not they'd have one. From the Depression to the collapse of the Rust Belt men and women didn't know what their financial futures would be. Don't tell me that Millennials are facing greater uncertainties than prior generations.
8 people like this.

Reply 17 - Posted by: hershey 8/5/2019 12:51:14 PM (No. 143401)
Oh me, oh my, the sky is falling..the earth will die in 12 years, or 20 years, or in 2011, or never...but no mind, I can sponge off my parents..
3 people like this.

Reply 18 - Posted by: DVC 8/5/2019 1:01:48 PM (No. 143417)
New Math. No longer does rate of return, or the sum of the series of investments matter. It is all about the weather...... If you are a snowflake and innumerate. Hopeless whiners.
2 people like this.

Reply 19 - Posted by: DaBigGuy 8/5/2019 1:56:31 PM (No. 143467)
This was enlightening. I never realized before that "climate change" and "fiscal laziness" were synonymous.
5 people like this.

Reply 20 - Posted by: worried 8/5/2019 2:44:05 PM (No. 143514)
#19, couldn't you add "stupidity" to that list?
0 people like this.

Reply 21 - Posted by: RenoVet68 8/5/2019 2:45:11 PM (No. 143516)
Lori, for greater ROI on your 401K, see "Sugar Daddy". But there will be Quid Pro Quo.
2 people like this.

Reply 22 - Posted by: volksford 8/5/2019 2:47:11 PM (No. 143521)
It was twenty years ago when I admonished our youngest daughter for littering and her reply was .."what difference does it make dad we are all going to be gone in ten years " I asked where she got that idea and of course it came from her high school science teacher. These damn kooks have got youngsters scared to death about their future , no wonder the they go off the deep end.
2 people like this.

Reply 23 - Posted by: lakerman1 8/5/2019 2:48:54 PM (No. 143524)
I taught a graduate course in Benefits Administration, and spent one full class (2 1/2 hours) urging my students to participate in 401k, or 403b (public sector equivalent) and ran the numbers to show them how that would make them millionaires at retirement.. I also warned them that some of them would come up with excuses as to why they could not afford to participate early in their careers.. First year excuse - I need a professional wardrobe. Second year excuse - I need a new car. Third year excuse - I'm getting married - big, expensive wedding. Fourth year excuse -I'm paying off the credit card debt for costs of the wedding. Fifth year excuse - baby on the way. Now global warming/climate change is added to the list? Silly.
2 people like this.

Reply 24 - Posted by: stablemoney 8/5/2019 2:56:20 PM (No. 143532)
You have to get a job, work, and save to get a 401K balance. You will have to be conscientious, work hard, improve your productivity so you can get raises. Please forward to young people perpetrating the climate hoax.
0 people like this.

Reply 25 - Posted by: paral04 8/5/2019 3:48:50 PM (No. 143564)
The worst part of this for her is, that she doesn't die, and everybody around her is broke, because of their spendthrift ways, Ergo they don't pay taxes to support her
0 people like this.

Reply 26 - Posted by: HotRod 8/5/2019 5:49:13 PM (No. 143635)
Well, that means the ignorant young people will pay more taxes! The better to support my Social Security and Medicare !
0 people like this.

Reply 27 - Posted by: jeffkinnh 8/5/2019 6:38:06 PM (No. 143667)
She can do whatever she wants with her own money. When she gets to retirement and all she has is the liberals gift, Social Security, which is only good for subsistence living, don't come crying about it. Paranoia and phobia are bad ways to live.
0 people like this.

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