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Comment by dreadsword | Hacker News Reader

As far as I can tell, this dude made some choices, and is happily dealing with the consequences. He chose a consultancy over a pension, and has chose to give to his children over keeping for himself. And, (a) he notes that he doesn't have to work but choose to, and (b) any of his kids would be happy to support him.

From what I can tell, this is a media outlet looking for a juicy story about seniors festering in poverty where such a story doesn't really exist.

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Also... Who only saves $90k for retirement? You're supposed to have 10x your income, not .9x.

One entertaining part about retirement discussions is apparently young people think all old people are executives. Wikipedia "median household income" article claims $29056 for the USA in 2010 for "annual median equivalised disposable household income per adult".

The article says that he made $100k, and it sounds like he continued to live like he was after the money stopped. If he was living like someone who made $30k, the money would go farther.

If only I were young!

10x income is a sliding scale - anyone can and should do that.

Any middle/upper-middle class, healthy American-born person with a caring family, access to good education resources, opportunities to stay employed throughout their life, and a drive to work for the market can and should do that if they live in an area with a demand for new jobs and are lucky enough to stay away from any serious accidents, diseases, and pregnancies.

As someone who immigrated here as a refugee without a dollar to my name and a family to feed, I realize how much of a role pure chance and luck play in my successes thus far despite the obstacles.

The vast majority of people.

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