whit wrote:Vermonster wrote:People that use the stock market for a "savings account" tend to look more at dividend based stocks. That way you are not as focused on the changing value of the stock, but more on what the stock can make for you.
For me CD's used to be a great way to lock money up so I didn't try and spend it. When I started banking a 6 month CD was earning 7% APY, now though you have to invest $10,000 at 120 months just to hit 1%.
When you started banking the rate to borrow was probably a lot higher too.
Sorry it's just a bit of a pet peeve of mine whenever folks go on about what used to be, but only remember the good and not the bad, in this case, mortgage rates of 9-15%.
Social security also wasn't so heavily relied on while we're on the subject, pensions used to be fat and not non-existent. 401k was a supplement alongside, savings, and
Health care used to be so good..now you're lucky if you're in a company that has it. A lot will minimize the amount of hours you work per week to 37ish..as full time.
Yep. Except for our grandfathered "Legacy FT" employees who work between 41.5-42.5hrs, most positions are now 29hrs and below and graduate to ~37hrs as a goofy way of "Full Time", Fortunately Supervisory positions like mine are still "Legacy FT" and you can cover the whole family for basically a pittance ($100/mo, used to be $25/mo)