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Canadians expect they need $1.7M to retire, BMO survey finds, but it's even more for millennials
(ca.finance.yahoo.com)
this post was submitted on 08 Feb 2024
15 points (74.2% liked)
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This article presented no analysis or insight whatsoever. It just is a few paragraphs presenting raw results of survey data and a pull quote from a finance guy essentially saying “YMMV.”
It would be helpful for people to have something about retirement expense rates, lifestyles at different income levels, the burn down rates of people retiring today and projected future costs, and so on.
I mean, I’m American, so it wouldn’t apply directly to me anyway, but it’s something I think about more and more as I get closer. I’d retire today, if I could. I do have a fair amount of savings, and if I was willing to retire someplace inexpensive I might be able to pull it off today, or in a couple more years at most. So I’ve been doing my own research there (including looking at golden visa programs in case US politics continues on its current path), but I like to hear how others are thinking about it as well.
There's another type of citogenesis going on with articles and internet comments. Writers look to social media to see what people are talking about / what will get engagement. Internet commenters talk about the article taking the points that strike a chord. Writers see what the users are talking about and write about that. Internet comments react. Writers see the comments and publish accordingly. Rinse. Repeat.
Some iterations later people have piles of articles to point to as proof. The articles have been repeating back their own words written by someone else with ostensible credibility because it's been published.
A major problem aside from that itself is internet comments need to boil everything down to simple one liner takes. The world isn't simple like that. People could do long form investigative journalism. And then the internet comments would boil it down to a single easily digestible take that washes away all analysis.