CNN reported last week that 66 percent of millennials aged 21 to 32 have nothing saved for retirement. And while their writer chalks up this inequity to student loans, “stagnant wages” and “high unemployment,” there may yet be a deeper cause: many millennials honestly don’t see a future for our economic system.
The aforementioned CNN article about millennials’ (lack of) retirement savings went semi-viral, partly because many saw humor in how it missed how many truly felt. “RT if socialism is your retirement plan,” Holly Wood, 32, a political organizer, wrote on Twitter.
The idea that we millennials’ only hope for retirement is the end of capitalism or the end of the world is actually quite common sentiment among the millennial left. Jokes about being unable to retire or anticipating utter social change by retirement age were ricocheting around the internet long before CNN’s article was published.
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