[Aces4]

Originally Posted by fdpaq0580

I would encourage folks NOT to blow through their retirement money! Do save or invest what you reasonably can. Unlike what I interpret as your "doom and gloom" assessment, pretty much across the board, things have gotten better in every sector. But, prices have gone up and we feel that crunch. But, here in the U S, we are doing far better than other countries in reining in inflation. Covid was a world wide phenomenon that cause the global economic flow of goods and services to come to a halt. As the demand continued for those goods, the prices naturally went up.
Nothing is perfect and there will (sadly) be tales of woe, still, the economic news is good overall. Records in the stock mkt, phenomenal job growth, lowest unemployment rate, etc. I'm retired and living on a somewhat fixed income (savings and investments when supplement is needed). I live modestly, but comfortably. We should be OK unless something changes.

You’re examining your situation and the current market. I’m talking down the road in the next ten to twenty years. There is no way currently to fund social security, there are millions unable to put enough away for a retirement plan, there are now millions with no retirement plans. Where do you believe all this funding will come from to cover this shortage? I would spend my money and wait to be subsidized like most of the others. The fight has gone out of many.