311 - Women Can't Retire & It Makes Me Smile

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Hi Everyone Sandman Here,

This video is brought to you by a donation from Rob and here's what he briefly has to say: "Hi Sandman, Here's a donation topic if you want to use it. Millions of Boomers will be entering retirement soon. I see a lot of posts on early retirement pages from people asking how to handle elderly mothers who've saved nothing for retirement and continue to make horrible financial decisions. Do you think when the current crop of cat ladies reach retirement age with no savings or family to support them this will lead the government to finally institute universal basic income? Cheers." Well Rob thanks for the donation and topic. When single women are younger they are ass rich and cash poor. As they get older they are poorer in both departments. That is unless they shoe horned themselves into a state sanctioned position with a defined benefit pension. Why do you think so many of them are teachers, gooberment employees and now entering things like the military? But that's a small minority of the lucky ones. Or those that think they are lucky. Recently around here the poor gooberment employees are complaining and freaking out that they are only receiving 1-2% raises when we all know that the true rate of inflation is 10-15%. If what's happening right continues for another five years most whamen's retirement savings in cash, bonds and other low risk assets will probably be worth sixty or seventy percent less than they are now. I'm not saying these crazy rates of inflation will continue but you never know what might happen so you need to prepare for it. Women on the whole are a lot less likely to take financial risks than men unless it's to buy the newest Jimmy Chew shoes. So most will be slow to adopt riskier strategies like tech, cryptos and commodities. The only risk asset many seem to bid up is real estate and their houses. But the trouble with that is that property tax rates might tax them right out their homes at some point. The government is relying on most women either spending their cash into the economy so that it can be taxed and not saved or so they can save it in cash or cash equivilants where it's value will be destroyed through the stealth inflation tax. The governments are trying to stay solvent. They don't care about the whamens as much as before. So long as they keep voting for left leaning gooberments there will be no reason to implement universal basic income. If they do it will have to be very very basic. Maybe in conjunction with a CBDC with food stamps that are only redeemable for cockroach spaghetti or something? I'll discuss more disgusting stuff in a moment but let me first tell everyone about today's sponsor The Red Pill Ring:

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