September 23, 2015
Why millions of Americans are raiding their retirement savings
Some 41% of post-crash skeptics have stopped saving; 77% have no confidence in financial institutions; and 67% view the markets as risky.
1. What exactly is a post-crash skeptic? One who is skeptical that there was a crash? Or one who is only skeptical because there was a crash?
2. Why did post-crash skeptics stop saving? I'm skeptical these low interest rates will give me the savings I will need in the future so I try to save even more. Does a squirrel stop collecting nuts for the winter if the nuts are sparse? Or does he say "f%^k it" and relax on some van down by the river?
3. 77% have no confidence in financial institutions? None? Why do I suddenly feel like an optimist? I have some confidence. I'm not saying it's much, but it's more than zero, lol. Sigh.
4. 33% don't think that markets are risky? This must get very confusing when "risk on" is mentioned on CNBC, lol. Sigh.
5. If only 23% have any confidence in financial institutions then how can 33% believe that financial markets aren't risky? Now that's a conundrum!
Las Vegas in June: Visitor Traffic Down 11.3% YoY; Convention Traffic Down
10.7% YoY
-
From the Las Vegas Visitor Authority: June 2025 Las Vegas Visitor Statistics
*Reflecting the broader backdrop of persistent economic uncertainty and
weaker...
1 hour ago
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