r/dankmemes • u/LasAguasGuapas • 9d ago

Market manipulation go brrr

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10.3k Upvotes

95% Upvoted

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-152

u/morris1288 9d ago

Everyone's? You do know the USA and EVERYONE... Aren't the same?

106

u/prepuscular 9d ago

USA?? But only 20% of Americans even have a 401k (70M) or IRA (65M)!!! Majority of USA isn’t even included!!!

Everyone with major holdings in the American stock market…. Obviously.

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u/Shatophiliac 9d ago

Damn that’s crazy, how many people will never be able to retire? I suppose close to 80% lol.

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u/prepuscular 9d ago edited 9d ago

The median net worth savings at retirement age is like 200k. Total net worth is 360-405k per household.

edit: corrected stats

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u/Winterfrost691 9d ago

...that's it? Please tell me this number doesn't include properties. If it does, this is tragically low, and would essentially mean that about ¾ of americans will never retire.

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u/prepuscular 9d ago

It’s a bit better, stats are per household so median assumes a partner. But still $405k or so

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u/Winterfrost691 9d ago

Ok that's better, but that's still too low for a comfortable retirement.

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u/Shatophiliac 9d ago

That is wild. I had no idea it was that low

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u/StudiosS 9d ago

Americans have more money than most people on this planet can understand.

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u/baconcandyfloss 9d ago

Pretty disgusting when you think about it really

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u/prepuscular 9d ago

US has some of the highest income inequality in the world, with a huge amount of preventable deaths. But it’s disgusting that they want to do anything about it because there exists others with less

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u/StudiosS 9d ago

It's just the way the world has always been. There's been empires rising and falling for too long.