|
Leon Trotsky 2012 posted:I don't see it in the article, but I found a link to the original study. That sounds like it's not 67% of gen z having/being offered a retirement plant, but rather, 67% of employed gen z people being offered a plan by their employer. What's the employment rate for gen z?
|
#
?
Apr 4, 2023 20:48
|
|
|
|
| # ? May 20, 2024 21:08 |
|
|
brugroffil posted:Right, so how hard does "18-25 yo and already constitutes an independent household" skew things? How many Gen Z are even in that category? Generally speaking, a household (by Census definition) can be a single person. Not sure if that study uses a different definition, though. https://www.census.gov/programs-surveys/cps/technical-documentation/subject-definitions.html#household
|
|
#
?
Apr 4, 2023 20:50
|
|
|
Leon Trotsky 2012 posted:Here's two interesting studies that came out today. They determined that there are two defining qualities for Gen Z: Good on Gen Z. I hate milk (and cheese)
|
|
#
?
Apr 4, 2023 20:57
|
|
|
Ither posted:I hate milk  Ither posted:(and cheese) 
|
|
#
?
Apr 4, 2023 21:04
|
|
|
I hope those investments are boring indexes and not stupid meme stock poo poo or buttcoinz or else its going to be pointless.
|
|
#
?
Apr 4, 2023 21:12
|
|
|
Ither posted:I hate milk (and cheese) 
|
|
#
?
Apr 4, 2023 21:12
|
|
|
PhazonLink posted:I hope those investments are boring indexes and not stupid meme stock poo poo or buttcoinz or else its going to be pointless. A 401k typically does not give you free rein to pick your own investments, so if your company's finance guys aren't morons they will be forced to invest in boring indexes
|
|
#
?
Apr 4, 2023 21:15
|
|
|
The article says most of the growth was fueled by Target Date Retirement Fund Indexes.
|
|
#
?
Apr 4, 2023 21:19
|
|
|
the article specifically notes an uptick in target date funds. if there actually is a marked increase in retirement investing from gen z, i wonder how much is driven by newer best practices of just having everything be opt-out automated systems instead of consciously opting in
|
|
#
?
Apr 4, 2023 21:19
|
|
|
GhostofJohnMuir posted:the article specifically notes an uptick in target date funds. if there actually is a marked increase in retirement investing from gen z, i wonder how much is driven by newer best practices of just having everything be opt-out automated systems instead of consciously opting in The article also seems to think that is what is driving it: quote:"The Pension Protection Act, at that time, gave plan sponsors the fiduciary protection to implement some of these plan design techniques: automatic enrollment and also defaulting participants into a particular investment, but most often a target-date fund," Stinnett explained.
|
|
#
?
Apr 4, 2023 21:20
|
|
|
Leon Trotsky 2012 posted:The article says most of the growth was fueled by Target Date Retirement Fund Indexes. the management fees on those are such a ripoff.
|
|
#
?
Apr 4, 2023 21:21
|
|
|
Barrel Cactaur posted:the management fees on those are such a ripoff. Depends. Vanguard's Target Retirement funds have a 0.08% expense ratio and are basically just slightly more expensive than getting a total stock market. Some places (especially John Hancock) have their own actively managed funds that are hugely expensive.
|
|
#
?
Apr 4, 2023 21:23
|
|
|
Leon Trotsky 2012 posted:Depends. Vanguard's Target Retirement funds have a 0.08% expense ratio and are basically just slightly more expensive than getting a total stock market. If your company is really dumb(like mine) they get sold on specifically managed versions for the company where they jack up the fees on the managed versions even more than normal.
|
|
#
?
Apr 4, 2023 21:26
|
|
|
Barrel Cactaur posted:the management fees on those are such a ripoff. i only invest through vanguard so can't speak to other brokerages, but their target date funds are sub 10 bps. sure you can save two or three bps by just holding admiral shares of the underlying funds (which is what i do), but at the end of the day having a single fund that handles asset allocation for the disinterested investor is worth the miniscule difference in price. i have to assume it's similar at schwab and fidelity, and that edward jones probably offers some monstrous load fund with 1% expense ratio edit: Jaxyon posted:If your company is really dumb(like mine) they get sold on specifically managed versions for the company where they jack up the fees on the managed versions even more than normal. i could be wrong, but my understanding is that this is cost cutting measure for the company, with the higher fund fees offsetting the administrative costs the company would otherwise have to pay. though if it's at a predatory brokerage with a salesperson who golfs with the owner, it could also just be a lovely deal to get bespoke active funds i guess GhostofJohnMuir fucked around with this message at 21:30 on Apr 4, 2023 |
|
#
?
Apr 4, 2023 21:28
|
|
|
Zillenial here; I do not like the taste of milk by itself. I like a lot of things made with milk (like Ice Cream and Cheese), I even like Chocolate Milk, but plain old milk tastes gross and I use Rice Milk in my cereal instead. Admittedly part of it is that my older brother had a dairy allergy so we weren't raised with milk in my house but rather Rice Milk; I figure I'd probably enjoy plain milk a lot more had I been raised on it.
|
|
#
?
Apr 4, 2023 21:32
|
|
|
milk fuckin sucks but cheese rules
|
|
#
?
Apr 4, 2023 21:33
|
|
|
You people are crazy milk is great. 
|
|
#
?
Apr 4, 2023 21:36
|
|
|
GhostofJohnMuir posted:i could be wrong, but my understanding is that this is cost cutting measure for the company, with the higher fund fees offsetting the administrative costs the company would otherwise have to pay. though if it's at a predatory brokerage with a salesperson who golfs with the owner, it could also just be a lovely deal to get bespoke active funds i guess Probably right, I just jammed my stuff into an index. But yeah it was something absurd like 1% also yeah oat milk is excellent
|
|
#
?
Apr 4, 2023 21:40
|
|
|
Whole milk is great until right after the moment I swallow it.
|
|
#
?
Apr 4, 2023 21:43
|
|
|
raw milk is great because it makes libertarians and regressives poo poo their pants.
|
|
#
?
Apr 4, 2023 21:45
|
|
|
https://twitter.com/Simon_El_Gato__/status/1643304035494113280?s=20 This isn't great news.
|
|
#
?
Apr 4, 2023 21:45
|
|
|
Automata 10 Pack posted:https://twitter.com/Simon_El_Gato__/status/1643304035494113280?s=20 There's bad weather there too, right? It's hard to tell what's going on since there's no Jon Ralston-like pundit for Wisconsin as far as I can tell.
|
|
#
?
Apr 4, 2023 21:48
|
|
|
Eric Cantonese posted:There's bad weather there too, right? THERE are anecdotes that a lot of young people are out voting in the rural areas, so maybe that'll cushion the Milwaukee suppression.
|
|
#
?
Apr 4, 2023 21:49
|
|
|
Honestly if Janet loses then I don't know what the gently caress. She's a really good candidate who raised a ton of money while D.K. is a loving loser no one likes.
|
|
#
?
Apr 4, 2023 21:53
|
|
|
Eric Cantonese posted:There's bad weather there too, right? I'm in Madison, the bad weather hasn't even started yet. I was number 400-something at my polling place at noon, when it's usually in the 100s at that time.
|
|
#
?
Apr 4, 2023 22:04
|
|
|
All my parents and grandparents are severely lactose intolerant, but I'm fine with it, inexplicably. They all also get The Blush and I don't. I used to drink milk all the time but I fell out of the practice in adulthood because sometime inbetween the late 90's and 2010 the quality of most mainstream milk products nosedived. In your typical modern supermarket, you might have access to decent milk, but it'll usually be the higher priced stuff. Everything else now has weird chemical aftertaste and really just kind of tastes thin and bland and weirdly sour. Apparently a lot of this has to do with how corporatizing pressures on farming eliminated most stuff that wasn't just shitloads of cows crammed into ugly conditions and fed weird cost-saving feed. Nearly nothing left on the shelf is grassfed. So if someone grew up in gen z or later millenial I usually assume that unless your parents were shelling out for pricier organic brands or local farm delivery (if even available!) you would try what you had in the house or what your school lunch served you — and wisely and correctly despise it.
|
|
#
?
Apr 4, 2023 22:17
|
|
|
What happens to a cult when its leader gets arrested?
|
|
#
?
Apr 4, 2023 22:42
|
|
|
I have no idea why my fellow Americans are so obsessed with cheese. When ordering food, I always have to say "no cheese" because its addition is the default for many things. Who's bright idea was to corrupt salads, burgers, and chili?
|
|
#
?
Apr 4, 2023 22:43
|
|
|
Cheese owns, fool.
|
|
#
?
Apr 4, 2023 23:02
|
|
|
Trazz posted:What happens to a cult when its leader gets arrested? Warren Jeffs has been in prison 17 years and FLDS is still going strong, and despite associating itself with a “respectable” church it’s pretty much just a cult.
|
|
#
?
Apr 4, 2023 23:24
|
|
|
Ither posted:I have no idea why my fellow Americans are so obsessed with cheese. USDA checkoff organizations, probably.
|
|
#
?
Apr 4, 2023 23:47
|
|
|
Eric Cantonese posted:It sounds like a lot of people are stressing out over whether Milwaukee and Madison turnout are going to be high enough to overcome high turnout in GOP-favored areas. Heartburn fuel. Yes and no. The WOW counties have been shifting more and more towards D's. That was the main change for the more aggressive gerrymander that got instituted in 2020 (due to the current court calvin-balling redistricting). Kelly who's up for going to the Wisconsin supreme court is literally the guy who was arguing in favor of gerrymandering in the past. And has worked for the republican party law groups since losing in 2020 for the supreme court. He will be partisan in the extreme. So this is a very important election for not just Wisconsin but national election integrity. He will 100% vote to overturn any D election win if a case is brought before him.
|
|
#
?
Apr 5, 2023 00:00
|
|
|
That was the more real post. Here's the anecdotal post. He is an extreme weirdo and jerk. Knowing people who have interacted socially with him closely he's an unpleasant guy. So I'm hopeful tonight is the nail in his political coffin
|
|
#
?
Apr 5, 2023 00:02
|
|
|
Ither posted:I have no idea why my fellow Americans are so obsessed with cheese. I kind of agree with you that Americans use too much cheese in everything, but I absolutely will not tolerate this cheeseburger slander 
|
|
#
?
Apr 5, 2023 00:05
|
|
|
Fister Roboto posted:I kind of agree with you that Americans use too much cheese in everything, but I absolutely will not tolerate this cheeseburger slander Yeah, what? If cheese has any place, it's on burgers or in sandwiches.
|
|
#
?
Apr 5, 2023 00:16
|
|
|
I'm a vegetarian and I dated a vegan for a while, I thought it would be no big deal but.... Nope, vegan cheese is just not there yet, we do not possess the technology.
|
|
#
?
Apr 5, 2023 00:33
|
|
|
I appreciate the focus on Wisconsin politics tonight.
|
|
#
?
Apr 5, 2023 00:49
|
|
|
Artonos posted:I appreciate the focus on Wisconsin politics tonight. As a WI resident, so do I.
|
|
#
?
Apr 5, 2023 00:53
|
|
|
metachronos posted:As a WI resident, so do I. Any suggestions on an account to follow? I’m going through election needle withdrawal.
|
|
#
?
Apr 5, 2023 01:02
|
|
|
|
| # ? May 20, 2024 21:08 |
|
|
Artonos posted:Yes and no. The WOW counties have been shifting more and more towards D's. That was the main change for the more aggressive gerrymander that got instituted in 2020 (due to the current court calvin-balling redistricting). Correct me if I'm wrong but I don't think that when they were drafting the state constitution they intended for any group to give themselves an overwhelming advantage when drawing the districts. And are you talking about the election or dairy chat? Milk and cheese are great, the cheap versions of both suck.
|
|
#
?
Apr 5, 2023 01:11
|
|