More VERY BAD Retirement News I have to Share!

Ajouté : 2026-05-31

[00:00:00]Even more bad news for retirees. I'm just a bearer of bad news, my friends.

[00:00:06]All these years been telling you that you can retire. The retirement pandemic is a lie.

[00:00:17]Sorry. Gallup new Gallup survey 2026 non-retirees worries remain high.

[00:00:27]And then we're going to go down here to their poll.

[00:00:30]And even Finn's like, "Dad, why did you lie to everybody?" I'm sorry, Finny. I just I did it for clicks. I did it for clicks, fan, I did it for clicks. That sweet, sweet YouTube revenue. Sorry, fan.

[00:00:43]Boy, I wish I wish I had a different way to tell you this.

[00:00:48]The G poll goes back to 2002. We can see percentage of retirees who now have enough money to live comfortably is in the green. percent of non-retirees who expect to have enough money live comfortably is in the blue. So we're talking about 25 years now. And so we were surveying some people who were in the blue and now we're in the green over the course of this 25 years.

[00:01:15]And what do we see?

[00:01:19]82% of retirees now have enough money to live comfortably.

[00:01:26]82%.

[00:01:29]That means 18% don't. That means more than eight and 10 do, which is exactly where we were in 19 2002, 25 years ago.

[00:01:48]Look at this. 2017, 71% said they had enough. All right. So, some of these people over here are now over here. All right?

[00:01:59]And yet they were negative on their ability to have enough money to retire comfortably. And now we're bullish on our ability to have enough money retire comfortably. On top of that, some of these people are over here still, which means they might have retired at 65.

[00:02:14]They're still r alive at 90 and they still have the same comfortability of their ability to retire, i.e. They did not run out of money because you could say, "Well, Josh, it's just a snapshot in time." Well, so wasn't this, which is 81% in 2022. So wasn't this, which is 79% in 2015. So wasn't this, which is 71% in 2017, 2024. Oh, so where is the evidence that the people who were previously comfortable in a snapshot in retirement are now not comfortable in retirement that they run out of money? Oh, there isn't any. It doesn't exist.

[00:02:54]Woth McGee says, "Okay, Josh or Dad, you proved it to me. Let me get out of here because he was trying to challenge me as all these foolios do." And I say, "You're just wrong."

[00:03:05]Sad thing is these people right here.

[00:03:07]Unfortunately, my man Andrew falls for the snake oil here. And I'll share this with you because Andrew Biggs is the one who alerted me to this.

[00:03:19]Social Security is a major source of retirement for record high 62% of current retirees.

[00:03:29]The crazy thing is less than $40,000 annual household income.

[00:03:35]A high majority said they're not going to have enough money to retire on. I'm like, uh, less than $40,000. Your social security replacement rate is like 80%.

[00:03:45]So after the amount of money you're save your 401k, your FICA tax, income tax, your basically even Stephen puts your social security loan.

[00:03:55]Crazy. Um, has money in a retirement savings plan? 62% say no. Okay.

[00:04:03]Again, if you're $40,000 or less and you're saying, "I don't have enough money to retire on and Social Security is going to replace basically 80% of that." Guess what?

[00:04:14]You don't even need that money.

[00:04:15]Retirement savings plan. Seven and 10 non-retirees worried. Isn't that funny that they're focusing on the non-retirees?

[00:04:23]Expect an actual source of retirement income different. Anyway, so my issue with Andrew here and uh the whole thing's just funny as I'll show with you right here. Some guy Andrew repost this.

[00:04:34]Daniel D. Martino said, "It'd be one thing if American youth lost economic opportunities due to rising federal debt to pay for investments to them, but they're paying for the cost of their own economic burial to finance the retirement for wealthy seniors."

[00:04:50]What? So, what he's saying is American youth are losing economic opportunities not due to them, but because they're financing the retirement of wealthy seniors. And how are they financing the retirement of wealthy seniors? by rising federal debt.

[00:05:05]Really, rising federal debt is causing young Americans to finance the uh financial security of wealthy seniors. How how does it do that? Literally, how how does it do that? Let me show you something here. I just like Andrew like Andrew is not a stupid guy. Like how you don't get it. How is that happening?

[00:05:34]Because I I responded here. I said, "Uh, they are how so?" Debt keeps going up.

[00:05:40]So, the youth is literally not paying for the cost of those seniors.

[00:05:46]And what some people will So, hear me out because you're going to fall off my trap. I can feel it a mile away.

[00:05:54]The debt keeps going up. We're not paying off the debt. We're not. The debt keeps going up. So, the debt is expanding. Inherently the youth is not paying off the debt to finance the seniors. Now what ignorant people say the interest on that debt is growing. Oo really. So let's take a gander, shall we? All right. So let's do this. Yes.

[00:06:15]Add inflation adjusted numbers to because this is going to crack you up when you see what I'm looking at here.

[00:06:22]All right. So pause. All right. So what you're going to see is while Claude is working on this, the amount of interest that the United States paid, the United States government paid in 1989 was 244 billion. We didn't get that high again until right there, 2017. We went 20 years paying less interest than we did in 19 what I say 1994, something like that. 20 years. All right. Now, when we adjust that for inflation, because remember our wages are growing as well, which means we'll show you what I'm talking about here.

[00:07:05]Oh, the actual inflation amount. We were paying more in inflation adjusted interest in 1995 than we're paying up until 2022. So, what's that? 30 years later essentially.

[00:07:18]So, if these kids are paying But they're paying the cost of their own economic burial to finance the cost of retirement for we for wealthy investors or whatever it was. How when the interest was going down that don't make any sense. So the debt was going up, the interest is going down. How exactly are they paying for these wealthy investors when the amount of interest that we were paying as a government was dropping significantly inflation adjusted or not? Not inflation adjusted. You can see if we don't adjust it for inflation, the same amount of money we're paying in 1997 as we're paying in 2017.

[00:07:56]This in inflation adjustment, we're paying less interest relative to inflation 20 years later, 25 years later, we finally got back to where we were. So again, tell me exactly how younger people are being financially buried by because we're not paying off any debt. There's no money that's coming out of my pocket to pay off that bond and nothing's happened. The bonds keep growing. There's no money coming out of my pocket to pay that interest payment.

[00:08:21]No, you can say a little bit, but then we can look at average tax rates, right?

[00:08:27]And that I show you something else here, too. It's because it's stupid. I mean, it's dumb, man. Let's look at average income tax rates for the uh let's see, we'll say the bottom 50% taxpayers.

[00:08:46]We'll say 1980 through 2024, we'll just say. And while we're doing that, so here is total US government debt. By the way, you can see it's growing and growing and growing. Here's taxable interest income reported on individual tax returns. Here we are in that about 2008 and here we are and that's total US government debt the trillions and we got total taxable interest income reported in the trillions. So, so look how low it went from. I don't know is that three trillion I don't know three 30 billion I don't know what that is but anyway a big number the taxable interest that you're paying taxes on dropped.

[00:09:30]So right here where the taxable interest is basically just a little bit higher than it was in 2008.

[00:09:39]So again, how are the young people paying for the finances of the elderly when a the young people aren't even getting the taxable interest to begin with? They're just not.

[00:09:51]So they're not paying off the bonds.

[00:09:54]They they haven't paid off the debt. I'm saying they're not getting the tax. They might get a little bit of the tax interest, but the tax interest is way low compared to it was in the last 50 years over from 2008 to basically 2022.

[00:10:07]So, how are they paying it off? How are they paying for it? Social Security taxes. Social Security tax is the exact same they were in 1993. The exact same social security tax percentage is the exact same as it was in 1993. 35 years ago. The young people weren't paying the taxes 35 years ago. I was. You probably were, too. So, you're paying for yourself the exact same social security tax rate you're paying now. How are the young people paying the taxes for the older people? Where where from social security taxes? Okay, everybody's paid same social security tax rate for the last 35 years. That's not anything different.

[00:10:46]Taxual interest taxable interest is well below lately other than the last two years what it was the last 30 years. So you're not paying as much taxable in income on taxable interest taxes on your taxable income. Just that because interest rates are so low. Bonds haven't been paid off.

[00:11:04]I mean, the amount of federal interest payout was less up until this year or last year than it was over the last 30 years. And then we just look at income tax rates. Let's see if we can't find it here. Boink.

[00:11:18]Income tax rate 4.8%.

[00:11:21]In 1980, 3.3% now. So, where is this massive just stupid man? I want to know how this girl right here who's working in a fruit stand is paying for my grandma my my mom on social security. I want to know. I literally want to know how she's doing it. If you say because we're expanding the debt that doesn't mean anything other than taxable interest. Taxual interest I just showed you from a taxpayer perspective is way low for the last 30 years. This last year is higher but not that much higher from inflation perspective is way low. That's just a fact. way low from what it's been for the last 30 years. Just a fact. So interest that we're paying is not nearly as high as what it was 30, 40, 50 years ago. Tax rate that we're paying, income tax rate is lower than it was 30, 40, 50 years ago. Social Security tax rate is the exact same as it was 35 years ago.

[00:12:22]And we're not paying off bonds. So, how how I just want to know how is that girl paying for the benefit of my mom? I just want to know because it doesn't exist. So, stop this crap. It's crazy. All right. God bless.

[00:12:38]Love your thoughts. Smash.