Quote:
Originally Posted by melpetezrinski
Ah, the master of spin:
1. "18 months before the last 12 months" of a stock market that is at ALL TIME HIGHS.
2. SSA ensures that benefits keep up with inflation through COLA adjustments but "those relying on SS lost ground"
3. "Home value is irrelevent" unless you want to simply downsize and reap the profits or do what thousands of villagers do and buy new, sell in two years for a significant profit and then rinse and repeat.
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Thank you for these points and I agree. I am not putting up my points to be an irritant, but there is plenty of objective economic data to back up the fact that most Boomers have fared extremely well since the pandemic. Net worth is meaningful, it's not a wash. The average 401(k) balance increased substantially and that includes and withdrawals during that period. And I'm surprised more folks are not acknowledging the interest they now make, it's the first time in over a decade that it's been meaningful.