From the Wall Street Journal. Select quotes, rearranged for maximum irony:
The average 401(k) balance was $131,700 at the end of 2024.
“What’s more important to me than having a few extra dollars in my retirement is that this country is set up for success,” Paris said.
The couple have lost $70,000 in retirement savings since January.
“He’s doing some hard work, some things that are very difficult for people to understand and difficult for people to accept,” Williams said, “but it’ll be to our long-term benefit.”
Meanwhile, the share of Americans who haven’t retired and are confident in their retirement prospects fell to 67% from 74% the prior year.
She said she takes solace in the fact that Trump is surrounded by a cabinet full of handpicked experts whose advice she thinks could help avoid further losses.
That is blatantly, obviously false.
You said you expected stocks to go up generally under Trump, as they did under Biden.
That was the point where I went from explaining to you how 401ks actually work, without insulting you, to outright calling you an idiot.
You absolutely do not agree with everything I have said.
…
As I said before, I do not engage politely with people who are confidently wrong, and then double down on being wrong after being corrected.
You are the kind of idiot who spreads misinformation and thus exposes other people to danger by giving them false notions about how things actually work.
You… seem to think I am trying to convince you, personally, that you are wrong.
I am not.
I don’t give a damn about trying to change the minds of people who are confidently wrong.
I am dispelling the idiotic misinformation you are spreading on a public forum, that other people may read, in hopes of doing a general public good by laying out and explaining, in detail, why no one should take you seriously on this topic, such that less narcissistic and more curious readers may have a chance at learning something.
You were a dick in your first post, dude. You didn’t “explain politely then I doubled down”. You were a dick from the jump.
My initial post was absolutely not a “confidently incorrect” comment. I am a dude that did not graduate with an economics degree with years of (non social) experience. I told you my interpretation and said what I thought was going to happen and what was happening.
I’m sorry that you felt like my expectations were wrong, but rather than call me an idiot and act like I am spreading lies, you can have a good faith conversation with a person you don’t even know.
Pro tip, don’t be a dick if this is what you hope for. Not everybody you talk to is a hidden maga operative spreading lies.