Professional_Bike647 t1_j297iqs wrote on December 30, 2022 at 3:47 PM

Reply to comment by Invest0rnoob1 in When did gambling on the stock market become people's financial planning? by f00dl3

You US folks at least have some personal investing mentality. In EU (especially Germany) pensions will fail big time too, yet basically nobody is investing. Boomers are alright because their pensions are fat. Young folks will (probably) be fine because they realized that a train is speeding towards the pension system and investing is mandatory. Everybody in between (too young to get a boomer pension, too old to start building private retirement wealth) is beyond fucked.

Invest0rnoob1 t1_j298dph wrote on December 30, 2022 at 3:53 PM

People in the US are investing because they have no other choice. It’s either that or be poor their entire lives. It seems like the government has done everything it can to kill the middle class.

ghosthak00 t1_j29917h wrote on December 30, 2022 at 3:57 PM

Ramen class here.

Professional_Bike647 t1_j299pbf wrote on December 30, 2022 at 4:02 PM

>People in the US are investing because they have no other choice.

I'm aware. It's one of the major arguments of our boomers why "we" don't have to invest like Americans have to, because we have that great pension system that will take care of everyone [who was born before 1970 /silent part loud].

Hence my initial statement. Young EU-folks are now forced to begin building just the same mindset that has been in the US for decades.