I'm defending my peers. MY SS is so tiny it's embarrassing. The average ( you like averages) SS payout is $1800/month. Not exactly living large in the good ole USA. AND it's taxable. And it is offset by any income you may earn elsewhere dollar for dollar until you turn 67. Europeans would hate this system. What's the retirement age there. 35?
AND, they automatically deduct crappy mandatory Medicare premiums.
It's pretty similar in most of western europe. Main exception France, where I think the retirement age is 62 or so? I have pensions in 3 countries that respectively become available at ages 67, 68 and 70. SS... yeah I don't get that lol.
You're correct. Using the Social Security (?) calculations it's like 16 years. However, I shouldn't have used that stat anyway, since it's a predictor of those who make it to 67. More relevant would be the average lifespan of a man born in 1959 in the U.S. - 73 years.
No. This is what I suspected was the core problem, hence my snark: you don't understand what life expectancy is.
You made it to 67, along with all the others who did. So the relevant stat is forward-looking from here (with the crowd characteristics and threats to wellbeing going forward, not accounting for infants who died 66 years ago or soldiers or car accidents 35y ago)
Every time I google I get a different answer. Can you give me a source? You claim a 67 year old male in the US LE is what? 82? Where did you find this?
Yes, that would give a better idea. I can't find any charts right now, but I think I saw one a while back that showed that inflation-adjusted wages were practically the same in 1970. But I could be wrong!
And regardless of which ones we pick and how much, there will inevitably a bunch of above-average/outlier ones, and a future 0x/River can post a chart like that saying "uh, look, metric broken because ice cream and t-shirts with Queen Taylor have increased way more!"
...and as if on cue, here's this graph that came across my desk today
If you quality adjust, though, it's probably increasing still.
From 1970?? Absolutely not. So expensive only the ultra rich could fly
That graph starts in 1995 and the Chicago airport experience may well be worse than it was in 1970.
Ah, oops. Confused w original graph timeframe above
Normal people don't fly! ahah
Sure sure sure. They also dont go to university or taylor swift concerts so theres that
I would really like to see included wage data too. My guess is it won't be nearly as dramatic, but maybe I'm wrong.
about 800% for one unbroken FRED database that goes back to then https://fred.stlouisfed.org/series/CES0500000030.
Almost 1,100% if we use the Social security wage index (you being a luxury communist boomer lover and all), https://www.ssa.gov/oact/cola/AWI.html
You had to stick that in, didn't you?
YES!
It was, sort of, relevant!
I'm defending my peers. MY SS is so tiny it's embarrassing. The average ( you like averages) SS payout is $1800/month. Not exactly living large in the good ole USA. AND it's taxable. And it is offset by any income you may earn elsewhere dollar for dollar until you turn 67. Europeans would hate this system. What's the retirement age there. 35?
AND, they automatically deduct crappy mandatory Medicare premiums.
It's pretty similar in most of western europe. Main exception France, where I think the retirement age is 62 or so? I have pensions in 3 countries that respectively become available at ages 67, 68 and 70. SS... yeah I don't get that lol.
I know of at least 3 countries where the numbers are wrong for because they are from 2021.
what do you mean, looks like a great life?
Also, free entry to the golf courses
also: https://www.givingwhatwecan.org/how-rich-am-i?income=21600&countryCode=USA&numAdults=1&numChildren=0
Hey! That's me on the left
amazing! I thought it was curious that googling for "born in the USA" would show Siggy, but I guess the AIs are getting smart now?!
deleted by author
No, the LE67 in the US is like 15 years. Nice try fudging the statistics, tho.
More snarky: tell me how you understand neither life expectancy nor CPI without telling me...
You're correct. Using the Social Security (?) calculations it's like 16 years. However, I shouldn't have used that stat anyway, since it's a predictor of those who make it to 67. More relevant would be the average lifespan of a man born in 1959 in the U.S. - 73 years.
No. This is what I suspected was the core problem, hence my snark: you don't understand what life expectancy is.
You made it to 67, along with all the others who did. So the relevant stat is forward-looking from here (with the crowd characteristics and threats to wellbeing going forward, not accounting for infants who died 66 years ago or soldiers or car accidents 35y ago)
Every time I google I get a different answer. Can you give me a source? You claim a 67 year old male in the US LE is what? 82? Where did you find this?
Social security actuarial tables
https://www.ssa.gov/oact/STATS/table4c6.html
Yes, that would give a better idea. I can't find any charts right now, but I think I saw one a while back that showed that inflation-adjusted wages were practically the same in 1970. But I could be wrong!
What is “Stuff people consume more of than they need to”?
ahaha
Those too. Americans provide lots of options for this category. We are the world’s consumer of last resort, after all.
Patronizing horseshit, fuck you telling me what i dont need
I mean, the CPI is a basket, you morons. Every idiot can pick the excessive high-ticket items and say "look, the average is wrong."
Chart of the century(with wages overlaid) are better for this kind of silly gotcha:
The items in the chart (OP) are very important in people's lives, but I see your point.
so is food. And gas. And tech. And clothes. and travels. but the economically infantile argument wouldn't work as well then, would it?
I don't know the data for those items!
you can go look them up, they're readily available.
newsflash: they're down or below wage-growth or CPI
I believe so. But we were getting back to the old debate about which items and weights should be used to calculate the CPI.
yes.
And regardless of which ones we pick and how much, there will inevitably a bunch of above-average/outlier ones, and a future 0x/River can post a chart like that saying "uh, look, metric broken because ice cream and t-shirts with Queen Taylor have increased way more!"
Yeah, knock me down with a feather -.-
https://twiiit.com/Mark_J_Perry/status/2015463505298878746
Yeah, exactly. The official inflation number really doesn’t tell the whole story.
Super