Student Loans. Medical Debt. Criminal Justice Fees. Cancel It All.

Re:Student Loans. Medical Debt. Criminal Justice Fees. Cance... by bluGill on Friday July 02, 2021 @10:51AM (#27712248)

My retirement is invested into a large collection of companies, some of which own these loans. I fully expect that this will cost me. If I had instead not invested for my future and just partied hard I'd be better off.

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Re:Student Loans. Medical Debt. Criminal Justice Fees. Cance... by xienze on Friday July 02, 2021 @10:55AM (#27712328)

Yep, your 401k will be indirectly affected by this.

The real fun starts 20-ish years down the line when our elected officials decide to directly seize 401k assets in the name of "equity."

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Re:Student Loans. Medical Debt. Criminal Justice Fees. Cance... by handrous on Friday July 02, 2021 @11:09AM (#27712500)

20-ish years from now the average amount of money in a retirement account ought to be in steep decline, year over year. So the good news is they won't be a very attractive target. The bad news is we're going to have a retirement crisis on top of whatever crisis 20 more years of healthcare cost increases causes (assuming we don't fix that between now and then—call it 50/50 odds, because I'm an optimist).

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