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A comment on Is America's jobs market nearing a cliff?. Parent comment

Re:Is America's jobs market nearing a cliff? by Libidinalecon on Sunday November 30, 2025 @08:48PM (#46102551)
I don't know if it is just the wealthy either.

The retired middle class boomers I know are completely outside the business cycle.

While I don't think they have enough to really be considered wealthy, they have no mortgage payment, a social security check, a pension and most have a 401k.

The business cycle will not change their spending one bit.

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Re:Is America's jobs market nearing a cliff? by AnimalMuppet on Sunday November 30, 2025 @08:58PM (#46102613)
It may, a bit. If the 401k is in the stock market, and the stock market is down, their total visible money is down. That tends to decrease enthusiasm for spending.
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Re:Is America's jobs market nearing a cliff? by bryanlarsen on Sunday November 30, 2025 @09:22PM (#46102778)
It may also affect it a lot. Retirees I know have a retirement plan that involves their retirement accounts being at a specific level at the end of each year. If their accounts are over that level because the stock market had a good year, they consider it funny money that they're allowed to spend.
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Re:Is America's jobs market nearing a cliff? by tadfisher on Sunday November 30, 2025 @10:36PM (#46103235)
That's not a plan, it's a suicide note with extra steps.
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Re:Is America's jobs market nearing a cliff? by addaon on Sunday November 30, 2025 @11:43PM (#46103546)
> That's not a plan, it's a suicide note with extra steps.

Being an aging human is a suicide note. The extra steps are the entire point of retirement.

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