The Joy and Freedom of Working Until Death(ritholtz.com) |
The Joy and Freedom of Working Until Death(ritholtz.com) |
Broke -> Homeless -> Health Problems -> Abysmal long term care facility or hospice -> Dead.
A shocking percentage of the homeless people I see on the streets are very old. They are usually in terrible health and/or disabled. Social security minimums are no longer enough to cover rent, much less food and utilities. A lot of them are actively killing themselves with drugs and alcohol.
If you didn't get enough employment through your lifetime you can get checks for as little as $50/month. This is especially true of people who do a lot of under the table work like immigrants and people with criminal records.
Social Security, Supplemental Security Income, the Food Stamp Program, Medicare, Section 8, other state and local programs, the church and other charities, etc. And of course family.
"So when you hear the news that you must work until you die, you can become relieved and overjoyed that you are free from the slavery of saving money to procure an illusory freedom. Furthermore, it is doing nothing that hastens death. Many who have already retired find themselves bored and detached from life if they are not doing something that is meaningful."
I think this speaks for itself without need to comment.