In 2016 the official poverty level income for a 2 person family is $15,930.
To make that much money from risk-free "savings" ie banks are paying interest of around .15%.
You would need to have $10,620,000 in your bank account at that interest rate to make $15,930 every year.
Something isn't right and it is clear to me that those who represent me (and you) don't care what is happening to America in retirement.
The beatings will continue. Maybe the morale will get worse before it gets better.
I hope so. It will make for a better fight.
CEO, Parisian Family Office. Began Wall Street in '82. Founded investment firm, Native American Advisors, '95. White Earth Chippewa. Raised on reservations. Conservative. NYSE/FINRA arbitrator. Drexel Burnham alum. Pureblood, clot-shot free. In a world elevated on a tech-driven dopamine binge, he trades from GHOST RANCH on the Yellowstone River in MT, TN farm, PAMELOT or CASA TULE', the family winter camp in Los Cabos, Mexico. Always been, will always be, an optimist.
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