this post was submitted on 12 Mar 2025
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From the Wall Street Journal. Select quotes, rearranged for maximum irony:

The average 401(k) balance was $131,700 at the end of 2024.

“What’s more important to me than having a few extra dollars in my retirement is that this country is set up for success,” Paris said.

The couple have lost $70,000 in retirement savings since January.

“He’s doing some hard work, some things that are very difficult for people to understand and difficult for people to accept,” Williams said, “but it’ll be to our long-term benefit.”

Meanwhile, the share of Americans who haven’t retired and are confident in their retirement prospects fell to 67% from 74% the prior year.

She said she takes solace in the fact that Trump is surrounded by a cabinet full of handpicked experts whose advice she thinks could help avoid further losses.

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[–] kryptonianCodeMonkey@lemmy.world 139 points 2 years ago (1 children)

She said she takes solace in the fact that Trump is surrounded by a cabinet full of handpicked experts whose advice she thinks could help avoid further losses.

... out of their fucking minds...

[–] Th4tGuyII@fedia.io 49 points 2 years ago (2 children)

Was about to comment almost exactly this.

His "experts" are all cronies - and they're not even slightly interested in the plight of the people, including the retirement prospects of 71 year old Mrs. Redlich.

Having any faith that Trump's administratiom will do anything except line their wallets with tax payer money and do their upmost to fuck over Ukraine is morbidly stupid.

[–] kryptonianCodeMonkey@lemmy.world 50 points 2 years ago (1 children)

It's worse than that. Most of his cabinet picks are not only not experts in their assigned fields, not even knowledgeable in them, but are actively antagonistic toward them. They wish to limit, downsize or outright destroy the departments under them, or else twist them so severely that they are essentially the polar opposite from their intended purpose. They sure as shit are not here to fix anything. They're here to actively break things they hate.

[–] jballs@sh.itjust.works 8 points 2 years ago (1 children)

You're telling me that the CEO of World Wrestling Entertainment isn't the most qualified person to lead the Department of Education? ShockedPikachuFace

[–] Ledericas@lemm.ee 3 points 2 years ago

who was also in his first term, as the head of SBA.

[–] ironhydroxide@sh.itjust.works 14 points 2 years ago* (last edited 2 years ago) (3 children)

To be fair. A lot of these people also have faith that because they said the right words to an imaginary being, they will be "saved" after they die.

[–] earphone843@sh.itjust.works 13 points 2 years ago

Yes, they're out of their fucking minds.

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[–] Jaderick@lemmy.world 48 points 2 years ago (1 children)

So far into the Kool-aid she might as well just go to Jonestown

[–] Remember_the_tooth@lemmy.world 7 points 2 years ago

Respectfully, I feel I must disagree. I believe the beverage served in Jonestown was Flavor Aid, rather then Kool-aid.

Regarding your other point, yeah, she's staunchly in favor of Coco Puffs.

[–] LuxSpark@lemmy.cafe 38 points 2 years ago (5 children)

These people are so delusional.

[–] pelespirit@sh.itjust.works 18 points 2 years ago (1 children)

And wealthy. That they could lose 70k and not feel anything, tells us that they're wealthy.

[–] Donjuanme@lemmy.world 3 points 2 years ago

Hard to feel much over the pain of having your own head in your ass

[–] PlantJam@lemmy.world 13 points 2 years ago* (last edited 2 years ago) (2 children)

Yes, they are.

To add some context to this headline, I estimate that 401k to be well into the seven figure range if it lost $70k since January. That's just a guess based on the changes I've seen in my own account, though.

[–] officermike@lemmy.world 7 points 2 years ago* (last edited 2 years ago)

Based solely on DJIA's YTD loss of 2.35%

$70,000/0.0235≈$3,000,000

[–] xyzzy@lemm.ee 1 points 2 years ago* (last edited 2 years ago)

It just depends on the portfolio. Some stocks in mine have lost 25-30% for reasons entirely attributable to Trump.

[–] qprimed@lemmy.ml 9 points 2 years ago (1 children)

this is what a political cult looks like.

[–] VeryVito@lemmy.ml 5 points 2 years ago

Any cult, really.

[–] Punchshark@lemmy.ca 5 points 2 years ago (2 children)

That's a funny way to say stupid!

[–] stickly@lemmy.world 3 points 2 years ago

No, delusional is the right word. You can be mind numbingly stupid but still see cause and effect; food prices going up after his inauguration is a very basic and tactile thing.

Delusion is taking that lived experience and warping reality to fit your mental narrative.

[–] LuxSpark@lemmy.cafe 2 points 2 years ago

I know people like this. Some are intelligent, but the propaganda they consume warps their minds. They are engulfed in it and it is difficult to throw out all the sources they trust.

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[–] zbyte64@awful.systems 29 points 2 years ago (1 children)

They FAFO but never actually learn. That's why elections are not about teaching people they were wrong.

[–] hogmomma@lemmy.world 3 points 2 years ago* (last edited 2 years ago) (1 children)

but never actually learn.

Then they're not FO'ing.

[–] CharlesDarwin@lemmy.world 4 points 2 years ago (1 children)

They do FO, but then they blame anything else but themselves, their cult, the conservative ideology, or their cult leader.

Remember: conservatism can never fail anyone, it's only people that fail conservatism. It means we have to do it even harder. If "doge" fires 50% of government and things are a total hellscape and their 401Ks go to 10% of what they were before, it's because "doge" should have cut 90% of government employees.

[–] hogmomma@lemmy.world 2 points 2 years ago (1 children)

Blaming others is deflection, not finding out.

[–] CharlesDarwin@lemmy.world 2 points 2 years ago

True, if finding out means that they discovered consequences and then, as a result, they drew the proper conclusions as to cause and effect.

[–] BetaBlake@lemmy.world 28 points 2 years ago (2 children)

So much cognitive dissonance for most of them, very very few of them will ever admit any mistake of theirs or his. They'll just sort of tap dance around the failings

[–] stickly@lemmy.world 6 points 2 years ago

They're in so deep that they'll take any life buoy that their feed/infowars/fox news throws. Its like an automatic reaction they're conditioned for.

The least shocking thing in this article is retirees in denial. Mental gymnastics is their full-time job; not like they've got anything else to do.

[–] ripcord@lemmy.world 4 points 2 years ago

I honestly think the vast majority of them don't think any mistakes have been made. They don't know how fucking awful his cabinet is, etc.

[–] CharlesDarwin@lemmy.world 22 points 2 years ago

She said she takes solace in the fact that Trump is surrounded by a cabinet full of handpicked experts whose advice she thinks could help avoid further losses.

🤣 🤣 🤣

That's next-level stupid.

[–] eran_morad@lemmy.world 15 points 2 years ago

I hope these assholes starve.

[–] cocolowlander@feddit.nl 15 points 2 years ago* (last edited 2 years ago)

Probably shouldn't focus on the short term stock movements.

If the Fed turns on the money printer, the stock prices will go up.

I would point to prices of housing and groceries, because that will not go down if the Fed turns on the money printer.

[–] Brunbrun6766@lemmy.world 13 points 2 years ago (1 children)

I sold off all my stocks and etfs, but my 401k is still there and is STRUGGLING. It wasn't much to begin with but damn it's getting fucked both ways and back

[–] Dultas@lemmy.world 4 points 2 years ago (1 children)

Mine has wiped nearly 6 months of growth. And it's fairly diversified.

[–] brygphilomena@lemmy.dbzer0.com 3 points 2 years ago* (last edited 2 years ago)

Since he won the election in November, in spite of putting in over $1k with employer match every month my balance has actually gone down. This is fucked up.

[–] match@pawb.social 12 points 2 years ago (1 children)

i think maybe the only thing that's going to get through to voters like this is if they're laughed at to their face

[–] hogmomma@lemmy.world 6 points 2 years ago (1 children)

That'll just make them angry or defensive.

[–] match@pawb.social 10 points 2 years ago (1 children)

they are always angry and defensive

[–] hogmomma@lemmy.world 4 points 2 years ago

You are not wrong.

[–] sp3tr4l@lemmy.zip 11 points 2 years ago

Its fine though, because Social Security is a ponzi scheme, pensions hurt the company's bottom line, and everyone knows the stock market only goes up, so everyone should just have a 401k.

Spoken from bizzarro world / Republican voters for the last 40 years untill this very moment, apparently

I am pointing and laughing at anyone who voted for this and is now being hurt by it. I have zero sympathy. Absolutely none whatsoever. It’s a sociological Darwin Award, more or less.

[–] bitjunkie@lemmy.world 7 points 2 years ago
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