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.
Parisian Family Office, CEO. Began Wall Street, 1982. Founded investment firm, CHIPPEWA PARTNERS, Native American Advisors. Active Trader. White Earth Chippewa Tribal member. Was NYSE/FINRA arb. Conservative, raised on Great Plains reservations. Pureblood, clot-shot free. In a world elevated on a dopamine binge, this is his take! Written from MT Ghost Ranch on the Yellowstone River, TN farm Pamelot or San Jose del Cabo, Mexico, CASA TULE'. Always been, will always be, an optimist.
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