Young men dropping out of the job market to spend time in an alternate reality

Re:Young men dropping out of the job market to spend time in... by researcher11 on Friday March 17, 2017 @12:39AM (#13891544)

Pensions are the first to go. They already are in many places. Taxpayers will be unable to bail them out. If you think being 20 with a shitty job is bad then consider being 65 with no savings or income whatsoever.

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Re:Young men dropping out of the job market to spend time in... by darpa_escapee on Friday March 17, 2017 @08:39PM (#13899209)

> being 65 with no savings or income whatsoever.

I'm watching this happen to my own and friends' parents. Pensions gutted in industries / jobs that are dying or dead and nest eggs drying up very quickly to pay for health insurance and living costs. Most of these people did everything "right" that was within their means when it came to planning ahead and they are fucked.

If they were in an even lower economic rung of society, I would imagine what they are experiencing would be much worse. As in homelessness, malnutrition and death from easily treatable illnesses.

This is not something anyone wants for their future.

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Re:Young men dropping out of the job market to spend time in... by Danihan on Friday March 17, 2017 @12:47PM (#13895496)

If you're 65 and have no savings or income you really lived your life wrong.

I mean, even if you bought a house at 35 and just made minimum payments, at least that would be paid off. And I'm sure taxes could be paid by renting out one room..

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Re:Young men dropping out of the job market to spend time in... by researcher11 on Friday March 17, 2017 @01:41PM (#13896111)

This thread is in the context of a major economic downturn. Many @ 65 are not set up as defensively to survive one.

Counters to your example would be modern day Detroit, modern day Greece, and the Weimar Republic.

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