Concerning Trends in Retirement – More Less Than Random Thoughts

  • Lack of sufficient savings
  • Inflationary pressures
  • Rising credit card debt
  • Half of respondents said they had saved less than what was needed for retirement.
  • When we asked an open-ended question about why they rated their satisfaction with retired life as they did, inflation was a major reason.

The ‘Concerning Trends’ in Retirement Now https://www.kiplinger.com/retirement/concerning-trends-in-retirement-now

I’ve decided not to retire. Wait, let me clarify my statement.

I’ve not changed my mind about my decision not to retire five years ago.

I love double negative sentences.

 Fewer than twenty percent of older people worldwide enjoy a retirement pension that is enough for them to live off. Although countries like China and India are now also developing their pension systems, the prospect of most older people receiving pensions totaling 60 to 70% of their final salaries remains a long way off.

The invention of retirementhttps://www.swisslife.com/en/home/blog/interview-matthieu-leimgruber.html

The majority of our friends are retired. I’m always asked when I’m going to retire. My quick answer was always “Don’t know”. I’ve since modified my response to “Two to four years”. This has been my answer for the past two years. Might still be my answer next year too.

https://www.kiplinger.com/retirement/retirement-planning/the-90-rule-of-retirement-live-long-and-prosper

Nearly 40% of Americans ages 55 and older were employed in 2024, according to the Bureau of Labor Statistics — a striking shift that’s even more dramatic when you look at the oldest workers. Today, 2.8 million men over 70 are working in the U.S. — part of an extraordinary long-term transformation in which employment among Americans 75 and older has quadrupled since 1964. More Americans are ‘unretiring’: 5 money factors to weigh before joining themhttps://www.aol.com/finance/retirement-planning/article/unretiring-is-trending-5-money-factors-you-should-consider-first-153926242.html

I think I’ll retire in two to four years.

Think Some More About Outsourcing Your Thinking (if you can)

Artificial Intelligence Breeds Mindless Inhumanity

By Bruce Abramson

July 15, 2025

I began studying AI in the mid-1980s. Unusually for a computer scientist of that era, my interest was entirely in information, not in machines. I became obsessed with understanding what it meant to live during the transition from the late Industrial Age to the early Information Age.  

What I learned is that computers fundamentally alter the economics of information. We now have inexpensive access to more information, and to higher quality information, than ever before. In theory, that should help individuals reach better decisions, organizations devise improved strategies, and governments craft superior policies. But that’s just a theory. Does it? 

The answer is “sometimes.” Unfortunately, the “sometimes not” part of the equation is now poised to unleash devastating consequences. 

Consider the altered economics of information: Scarcity creates value. That’s been true in all times, in all cultures, and for all resources. If there’s not enough of a resource to meet demand, its value increases. If demand is met and a surplus remains, value plummets.  

Historically, information was scarce. Spies, lawyers, doctors, priests, scientists, scholars, accountants, teachers, and others spent years acquiring knowledge, then commanded a premium for their services.  

Today, information is overabundant. No one need know anything because the trusty phones that never leave our sides can answer any question that might come our way. Why waste your time learning, studying, or internalizing information when you can just look it up on demand? 

Having spent the past couple of years working in higher education reform and in conversation with college students, I’ve come to appreciate the power—and the danger—of this question. Today’s students have weaker general backgrounds than we’ve seen for many generations because when information ceased being scarce, it lost all value.  

It’s important to recall how recently this phenomenon began. In 2011, an estimated one-third of Americans, and one-quarter of American teenagers, had smartphones. From there, adoption among the young grew faster than among the general population. Current estimates are that over 90% of Americans, and over 95% of teenagers, have smartphone access. 

Even rules limiting classroom use cannot overcome the cultural shift. Few of today’s college students or recent grads have ever operated without the ability to scout ahead or query a device for information on an as-needed basis. There’s thus no reason for them to have ever developed the discipline or the practices that form the basis for learning.

The deeper problem, however, is that while instant lookup may work well for facts, it’s deadly for comprehension and worse for moral thinking.

A quick lookup can list every battle of WWII, along with casualty statistics and outcome. It cannot reveal the strategic or ethical deliberations driving the belligerents as they entered that battle. Nor can it explain why Churchill fought for the side of good while Hitler fought for the side of evil—a question that our most popular interviewers and podcasters have recently brought to prominence. 

At least, lookup couldn’t provide such answers until recently. New AI systems—still less than three years old—are rushing to fill that gap. They already offer explanations and projections, at times including the motives underlying given decisions. They are beginning to push into moral judgments. 

Of course, like all search and pattern-matching tools, these systems can only extrapolate from what they find. They thus tend to magnify whatever is popular. They’re also easy prey for some of the most basic cognitive biases. They tend to overweight the recent, the easily available, the widely repeated, and anything that confirms pre-conceived models. 

The recent reports of Grok regurgitating crude antisemitic stereotypes and slogans illustrate the technological half of the problem. The shocking wave of terror-supporting actions wracking college campuses and drawing recent grads in many of our cities illustrate the human half. 

The abundance of information has destroyed its value. Because information—facts and data—are the building blocks upon which all understanding must rest, we’ve raised a generation incapable of deep understanding. Because complex moral judgments build upon comprehension, young Americans are also shorn of basic morality 

We are rapidly entering a world in which widespread access to voluminous information is producing worse—not better—decisions and actions at all levels. We have outsourced knowledge, comprehension, and judgment to sterile devices easily biased to magnify popular opinion. We have bred a generation of exquisitely credentialed, deeply immoral, anti-intellectuals on the brink of entering leadership. 

When the ubiquity of instant lookup evolves beyond basic facts and into moral judgments, banal slogans and mindless cruelty will come to rule our lives.  

Is there a way out of this morass?  Perhaps the only one that the ancients discovered back when information, understanding, and morality all retained immense value: faith in a higher power. Because the path we’ve set on our own is heading into some very dark places. 

This article was originally published by RealClearScience and made available via RealClearWire.

Tsundoku (guess the disease)

“All those books you haven’t read are indeed a sign of your ignorance. But if you know how ignorant you are, you’re way ahead of the vast majority of other people.” Jessica Stillman

Tsundoku is the Japanese word for the stack(s) of books you’ve purchased but haven’t read. Its morphology combines tsunde-oku (letting things pile up) and dokusho (reading books). The Japanese call this practice tsundoku, and it may provide lasting benefits — https://bigthink.com/neuropsych/do-i-own-too-many-books/

DUI/DWI for a New Generation

I am impressed with the ability of some people to injure themselves in creative ways.

Analyzing data from the 2016-2021 National Inpatient Sample, UCLA researchers found that 25% of 7350 patients hospitalized for scooter-related injuries were using substances such as alcohol, opioids, marijuana and cocaine when injured. Published in The American Surgeon, the study also notes that overall scooter-related hospitalizations during the 5-year period jumped more than eight-fold, from 330 to 2705. In addition, the risk of traumatic brain injuries among the substance use group was almost double that of the non-impaired patients. University of California – Los Angeles Health Sciences. “Nearly one-quarter of e-Scooter injuries involved substance impaired riders.” https://www.sciencedaily.com/releases/2025/04/250429195329.htm (accessed May 3, 2025).

AND don’t forget about these things can randomly explode.

“In all of these fires, these lithium-ion fires, it is not a slow burn there’s not a small amount of fire, it literally explodes,” FDNY Commissioner Laura Kavanagh – https://www.statista.com/chart/29472/fires-caused-by-lithium-ion-batteries/

Controlled Substance Prescribing Patterns – Pennsylvania

Rates of psychostimulant (stimulant)-related overdose deaths in the United States have increased substantially since 2010; in 2022, 32% of all overdose deaths involved stimulants. Citation: Hayden S, Murzynski SM, Bolton A, Goetz CT. Controlled Substance Prescribing Patterns Among Fatal Overdose Decedents with an Opioid, Stimulant, or Both Contributing to Death — Pennsylvania, 2017–2022. MMWR Morb Mortal Wkly Rep 2025;74:205–209. DOI: http://dx.doi.org/10.15585/mmwr.mm7412a2

Prescribed stimulants. Read more here – https://www.dea.gov/factsheets/stimulants

Happy Friday!

My Cryptocurrency Investment

My cryptocurrency investment was taking the time to learn and understand the bubble. Charles Mackay’s bestseller Extraordinary Popular Delusions and the Madness of Crowds discussed many historical bubbles and was published in 1841. The book sits on the shelf and remains a reminder not to get caught up and swept away by the madness of crowds. THERE ARE IDIOTS: Seven pillars of market bubbles is a good article and much more recent than 1841 https://www.acadian-asset.com/investment-insights/owenomics/there-are-idiots-seven-pillars-of-market-bubbles.

Greg Hunter’s https://usawatchdog.com/ is neither Democrat nor Republican, Liberal nor Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows. The following is an edited excerpt from an interview with Catherine Austin Fitts.

Bailout of the Big Boys. Be careful out there. Don’t get screwed.

“This is literally a Bitcoin for land-grab swap. . . . So, they take our retirement savings, what’s left of it, and they take our taxes and use it to buy Bitcoin.  The Bitcoin billionaires sell their Bitcoin into that at the same time they are taking advantage of the monetization of all the land and minerals.  They sell their Bitcoin at the top, and what can they do?  They can buy the land. . . . They want out of digital assets, and they want real assets.  Right now, the whole race on the planet is to grab the real assets such as land, mineral resources, water resources, etcetera, etcetera. . . . The land ownership of the top 100 landowners of America doubled.  They are not buying Bitcoin.  They are buying land.  Bill Gates is buying farm land.  The Harvard Endowment is buying farm land.  What you are really seeing is a discussion to sell the unreal assets to the taxpayer and the real assets to private parties.  If this succeeds, it will be the biggest robbery and financial scam in the history of the country. .  . The smart money is trying to control the real assets.” Catherine Austin Fitts former Assistant Secretary of Housing (Bush 41 Administration) https://usawatchdog.com/smart-money-buying-up-real-assets-not-bitcoin-catherine-austin-fitts/

Catherine Austin Fitts is the founder of Solari, a private company. Link to her company website is https://home.solari.com/ where I found the absolute best summary of the history of Bitcoin and what Fitts calls the BITCOIN BAILOUT: Why a Bitcoin Strategic Reserve Is a Bailout of the Big Boys https://home.solari.com/bitcoin-bailout-why-a-bitcoin-strategic-reserve-is-a-bailout-of-the-big-boys/