Federal Reserve pushes interest rates above 5% for first time since 2007

Re:Federal Reserve pushes interest rates above 5% for first ... by thunky on Wednesday May 03, 2023 @09:08PM (#35810022)

> I imagine that all businesses would benefit from having some long term certainty

Individuals, too: the money you contributed to social security may be gone when you need it, so good luck planning your future. Or maybe you won't get anything until you're 80. Or maybe you'll get half of it. Or it'll be taxed to death.

So for the sake of planning, the common advice to younger workers is to assume you'll get nothing. Get back to work.

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Re:Federal Reserve pushes interest rates above 5% for first ... by tempera on Thursday May 04, 2023 @02:45AM (#35812037)

That's the right assumtion: you'll get nothing.

As for having a saving, pension account I'd put a little bit aside in bitcoin, just in case in 10 - 20 years it will be a small fortune.

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