Save up a million in 401k, investments and equity just to spend it all in a couple of years for senior care.
Very true. So. Hmmm, well - so Okay then! So what! I say let’s forget the “american dream” then, and concentrate on the things we enjoy that make us happy to get out bed in the morning. Maybe there’s more to life than just a big house and a nice car. Not that there’s anything wrong with that!
I’m with you in spirit, but keep in mind the US is still making tons of income overall as a nation - GDP is, and has been, trending up for a long time. That money’s going somewhere.
It’s like if we all ran/worked in a business and saw we’re making tons in profit but we were then being asked (regularly) to take a pay cut. It ain’t right.
That said, yes we all need to learn to live with less because it ain’t getting fixed for at least another generation or two, if ever
GDP is, and has been, trending up for a long time.
That’s because GDP has been inflated to high hell. Military spending and real estate both contribute to GDP as well - notice how high both of those things are in the US?
Okay, this may be just a side note, but I hope they mean “wedding (as a whole) and engagement ring” because 35 THOUSAND for three rings is excessive.
Bridal jewelry worker here. I can absolutely confirm that, yes, you can indeed spend $10k on a ring setting and stone very easily. You can also spend $35k on a single ring if you got something from Hearts on Fire or Tacori.
Most of the cost comes from the stone and not the ring setting itself though. Like you can spend maybe at most like $5k on a platinum ring setting and another $10k+ on the stone.
