Why You Probably Won’t Retire (If You’re An American)

Published: 2024-04-08
Status: Analyzed

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Prediction
Topic
Status
Mexico, UK, and Brazil will have more people leaving the workforce than entering it in approximately 10 years (by 2034).
"Mexico UK and Brazil will have more people leaving the workforce instead of enter it"
Workforce demographics
Pending
By 2050, one in six people will be over the age of 65.
"by 2050 there will be as many as one in six (people over 65)"
Aging population
Pending
By 2034, Social Security will not be able to pay out its full benefits.
"by 2034 Social Security won't be able to pay out its full benefits"
Social Security
Pending
If one contributes 15% of yearly income to a 401k and invests in the stock market (assuming 8% annual return factoring inflation), they will be able to retire in 28 years.
"set the 401k contribution slider to 15% of your yearly income and assuming that you're investing into the stock market which will give you 8% per year factoring inflation you'll be able to retire in 28 years regardless of your income"
Retirement savings
Pending
In 30 years (by 2054), the world will have more people, productivity, companies, and money than today.
"the world will be a bigger place that has more people more productivity more companies more money 30 years from now than we do today"
Global economy
Pending