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[Article] Are the wealthy less worried about old age? (www.brookings.edu)

submitted 1 month ago* (last edited 1 month ago) by Cat@ponder.cat to c/interestingshare@lemmy.zip

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Wealth alone doesn’t eliminate financial worries in old age. Factors such as pensions, health care, inequality, and cultural attitudes are key in shaping old-age security.

Financial worry transcends income levels and geographic boundaries. Even in wealthier countries, gaps in social safety nets and financial literacy can contribute to insecurity about old-age finances.

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[–] Fiivemacs@lemmy.ca 3 points 1 month ago (1 children)

Such an out of touch article. Nobody cares about the wealthy

[–] pdxfed@lemmy.world 3 points 1 month ago

I remember an article WSJ put out in ~2010 about the burdened cost of a Manhattan family who had two 750k salaries by listing out their costs which included a madi, childcare and private school for two kids, two cars (in NYC!), etc. "everyone is scraping by" was the general thrust. So myopic.

[–] Grandgousier@lemmy.world 2 points 1 month ago

(folks the title is a bit off but read the actual article)