/biz/ - Business & Finance

when will ss die?

>>18957289
And then there;s the problem of Pensions in the US, which are a PONZI SCHEME. The money being paid is going directly to the largest wave of retirees ever. There is no fund. It's bankrupt, and won't be there by the time you retire. It takes an avg. 50000 USD per person per year to support it; 50% of boomers have no savings, and are living off your money that couldve been spent in the economy. Their lifespans are also getting longer, so you're on the hook for more years, their 401Ks got raped in 08 so they probably didn't invest back in as much as they should've, (and got raped in 2020 too). check out pic.

All this is JUST KICKING OFF. Your economy isn't going to look good anons. To loop this back to oil; Trump can't and has said he won't let oil fail, but oil needs to pump at 60% capacity to not damage the wells or cap the wells which would bankrupt many companies. So, our economy is shit, Covid magnified this, less and less spending everyday in the micro and macro, oil is going to get bailed out one way or the other, oil will keep pumping, tankers in the short and medium term gonna have a lot of business as economy will not recover like you predict. And tankers benefit from low price fuel too. 2/2