{"id":66301,"date":"2021-05-01T02:15:45","date_gmt":"2021-05-01T09:15:45","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=66301"},"modified":"2023-05-12T10:42:37","modified_gmt":"2023-05-12T17:42:37","slug":"black-coffee-1-may-2021","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id66301-black-coffee-1-may-2021.html","title":{"rendered":"Black Coffee: Something for Nothing"},"content":{"rendered":"

\"\"It’s time to sit back, relax and enjoy a little joe …<\/em><\/p>\n

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance.<\/p>\n

Let’s get right to this week’s commentary …<\/p>\n

Government is the great fiction, through which everybody endeavors to live at the expense of everybody else.<\/em><\/p><\/blockquote>\n

– Frederic Bastiat<\/strong><\/p>\n

Credits and Debits<\/strong><\/p>\n

Credit:<\/strong><\/span> Did you see this? According to a new survey, nearly 75% of workers report that they or a spouse have saved for retirement. Among workers, 27% said they have less than $25,000 in savings, excluding home equity — and one-third say they’re doing well financially<\/a>, with $250,000 or more saved for their golden years. Hooray!<\/p>\n

\"\"<\/p>\n

Credit:<\/strong><\/span> The same survey also found that 80% of retirees are “optimistic about their financial prospects” and three out of four US retirees and<\/strong><\/em> workers believe they’ll have enough cash for retirement, with 72% of workers saying they’re somewhat or very confident that they’ll be able to live comfortably in their golden years — that’s close to the survey’s all-time of 74% in 1993. “Comfortably,” huh? Obviously, they have more confidence in today’s currency of the realm than I do. Oh … and the supply chain:<\/p>\n

\n

Maybe off-shoring all those supply chains wasnt so smart after all.<\/p>\n

A #1, Emperor of the North Pole (@railboss) April 28, 2021<\/a><\/p><\/blockquote>\n