Of all generational cohorts, older millennials are most likely to generate enough income to retire comfortably, according to the latest Vanguard Retirement Readiness report.

Specifically, millennials aged 37-41 have the greatest chance of landing a comfortable retirement.

  • kandoh@reddthat.com
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    1 year ago

    If I were to go back in time the the 80s, 70, 60, etc. They would have a similar list of problems that seem insurmountable, but we keep going on and things have gotten better over time.

    In 1990, 1.9 billion people lived in extreme poverty, representing 36% of the world’s population. By 2019, this number had fallen to 9.2% — about 703 million people.

    https://www.worldvision.org/sponsorship-news-stories/global-poverty-facts

    Over the past generation, extreme poverty declined hugely, and there are more than a billion fewer people living below the International Poverty Line of $2.15 per day today than in 1990. On average, the number declined by 47 million every year, or 130,000 people each day.n

    https://ourworldindata.org/poverty

    Women’s access to education has improved significantly in many parts of the world. According to the National Intelligence Council’s Strategic Futures Group, there have been decades of improvements in women’s formal education

    https://www.dni.gov/index.php/gt2040-home/gt2040-deeper-looks/future-of-womens-rights

    Women’s financial liberation has improved in the United States. Women now have access to credit cards in their own name and can get bank loans without a male co-signer

    https://wbl.worldbank.org/content/dam/sites/wbl/documents/2023/Chapter 1 The State of Women’s Legal Rights.pdf

    The ACA has improved healthcare in various ways, including providing health insurance coverage to 20 million more Americans, protecting people with preexisting conditions from discrimination, and expanding Medicaid

    https://www.americanprogress.org/article/10-ways-aca-improved-health-care-past-decade/

    For every step back that we hyper focus on, there are two step forwards that we don’t even think about. All our problems have solutions, just don’t give into negative thoughts.

    • TSG_Asmodeus (he, him)@lemmy.world
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      1 year ago

      They would have a similar list of problems that seem insurmountable

      I’d love to hear how climate change ‘seems’ insurmountable. We aren’t even stopping ourselves making it worse, let alone actively looking to work towards fixing it.

      • kandoh@reddthat.com
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        1 year ago

        Climate change will be tough. Even if we stop using fossil fuels, it will take decades for the environment to recover.

        But wind, solar, and hydropower are all examples of renewable energy sources that are becoming viable these last few years.

        Lots of countries are working to implement solutions, they still have their problems and no one is really doing enough, but these steps show us we are capable of implementing more drastic and effective changes when even conservatives can’t hide their head in the sand any longer:

        • China: China has implemented a number of policies to reduce greenhouse gas emissions, including a carbon trading system, renewable energy targets, and energy efficiency standards[1].

        • European Union: The European Union has set ambitious targets for reducing greenhouse gas emissions, including a goal of net-zero emissions by 2050. The EU has also implemented a carbon trading system and invested heavily in renewable energy[2].

        • Denmark: Denmark has developed a “Global Action Climate Strategy: A Green and Sustainable World” to slash emissions and set a framework for limiting global warming below 1.5C as set by the 2015 Paris Agreement. The Danish government’s agreement outlines five goals, including increasing global climate ambition, strengthening focus on climate adaptation and sustainable development, and shifting financial flows and investments from black to green[3].

        • Brazil: Brazil has implemented policies to reduce deforestation, which is a major contributor to greenhouse gas emissions. Brazil has also invested in renewable energy and has set targets for reducing greenhouse gas emissions[6].

        • India: India has implemented policies to increase the use of renewable energy, including solar and wind power. India has also set targets for reducing greenhouse gas emissions and has implemented energy efficiency standards[1].

        Citations: [1] A review of successful climate change mitigation policies in major emitting economies and the potential of global replication - ScienceDirect https://www.sciencedirect.com/science/article/pii/S1364032120308868 [2] What are the world’s countries doing about climate change? - Imperial College London https://www.imperial.ac.uk/grantham/publications/climate-change-faqs/what-are-the-worlds-countries-doing-about-climate-change/ [3] 3 Leading Countries in Climate Policy | Earth.Org https://earth.org/countries-climate-policy/ [4] Global Climate Agreements: Successes and Failures - Council on Foreign Relations https://www.cfr.org/backgrounder/paris-global-climate-change-agreements [5] A Framework for Comparing Climate Mitigation Policies Across Countries https://www.imf.org/en/Publications/WP/Issues/2022/12/16/A-Framework-for-Comparing-Climate-Mitigation-Policies-Across-Countries-527049 [6] Climate Change Mitigation in Developing Countries: Brazil, China, India, Mexico, South Africa, and Turkey - C2ES https://www.c2es.org/document/climate-change-mitigation-in-developing-countries-brazil-china-india-mexico-south-africa-and-turkey/

        • meat_popsicle@sh.itjust.works
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          1 year ago

          We just had the hottest month in recorded global history, record low Antarctic sea ice (heading into southern hemisphere summer), and drought + heatwaves in the Amazon that are causing mass rivier dieoffs and forest loss.

          Plus, Amazon deforestation is decreasing in Brazil but increasing in all neighbors - forest area is still decreasing fast.

          Let me know if you actually want citations, these are all recent and commonly discussed.

        • TSG_Asmodeus (he, him)@lemmy.world
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          1 year ago

          European Union: The European Union has set ambitious targets for reducing greenhouse gas emissions, including a goal of net-zero emissions by 2050.

          Look I’m not saying we all lay down and die, but look at what you wrote here. A goal of net-zero by 2050. That’s twenty seven years away. We’re ultra-fucked long before then.

          These were policies we needed to do 30, 40 years ago. Hell, we’re still subsidizing oil and gas, planet-wide.

          it will take decades for the environment to recover.

          I think you’re seriously, seriously out of touch with how bad things are. ‘Decades’ isn’t even close. When temperatures rose 5-8c, which yes is higher than we’re at (so far) it took 20-50 thousand years to recover.

          It’s enough to make you want to blow up a pipeline.

          • kandoh@reddthat.com
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            1 year ago

            I understand, I know it’s not enough but it shows we are starting to do stuff. Governments are a big slow machine.

        • Poem_for_your_sprog@lemmy.world
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          1 year ago

          We’re already at 1.5C and we’ve emitted enough GHGs to get us to 6-8C from feedback loops. Our only hope is they put sulphur back in the fuel to give us a few more decades of survivability.

    • PostMalort@lemmy.ml
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      1 year ago

      I’m always skeptical of poverty statistics because I believe the metric to meet poverty is wrong. For instance the bureau of statistics puts the poverty line at just under 15k annually. Please tell me how a person making 20k a year affords housing, food, and other basic necessities without government assistance.

      • kandoh@reddthat.com
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        1 year ago

        15k in North America is different than 15k in the Philippines or Botswana

        • PostMalort@lemmy.ml
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          1 year ago

          You’re correct but the bureau of statistics is American so that’s really where I’m talking about. However this data point doesn’t give a lot of faith that the statistic for other countries is accurate either.