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[–] 9 points 1 year ago (4 children)

If the AI bubble pops, people's retirement will also probably disappear tbh. Lotta money right now in IRAs and 401ks

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  • [–] 11 points 1 year ago (1 child)

    Yeah it'll be bad, but realistically it'll be like every other major economic calamity. Your accounts lose a ton of value very rapidly, but as long as the money keeps going in (or as long as you have a small enough withdrawal rate if you're already retired) ultimately it'll eventually bounce back and then some in the recovery, because when stocks are down that's the time to pile more money in (buy low sell high)

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  • [–] 11 points 1 year ago

    It depends on the person's age group, if they just hit retirement and the stock market collapses, then they'd feel the pain the most. It could mean delaying their retirement by years.

    Younger people on the other hand usually bounce back, unless of course there are other circumstances like war.

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  • [+] 6 points 1 year ago* (last edited 1 year ago) (2 children)
  • [–] 4 points 1 year ago (1 child)

    ._. I never said I supported the stock market, just that the stock market collapse will affect a lot of people.

    If I had it my way, companies should never be public. Lots of current day issues are because public companies act upon shareholder whims and thus cause the worst of modern day societies

    I'd love to have pensions also be reintroduced in companies, but they've essentially been all phased out by lobbying for 401ks and IRAs instead.

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