The DJIA hit an all time high of about 45000 in Dec 24, not too long aftet the election.

It has been about 4 months since then, and the DJIA has dropped about 10%, to about 40500.

But before that, the average growth of thr DJIA, per year, for the last 10 years, was about 9%.

US median yearly wage is about $50k.

Avg Inflation for the last 10 years is about 3.5% a year.

Same for median wage growth.

Lets say you are 50, and have 150k vested into your 401k, the rough average for a 50 yo with a 401k, and you contribute 10% to your 401k, with a 50% (of your 10%, so 5%) employer match.

Ok then.

Here’s what your retirement looks like if these trends all continue.

You have $761k to live off of for 20 years after you retire at 65 and die at 85.

$38k a year.

Ah, but now lets just have a momentary 10% drop in the stock market, but hold everything else the same.

Now you’re retiring with $706k, a $55k loss, about $35k a year.

Ok, now lets say your wages only grow at 0.5% a year, the stock market growth for the next 15 years averages 1%, and inflation averages 6%.

Oh, well now your 401k is actually uh, $252k at age 65, $12.6k a year to live off.

If you think that’s unrealistic… the stock market didn’t top its peak in 1929 untill 1954.

That is a 25 year period with an average stock market growth of zero, over that time period.

The tariffs Trump just enacted average out to around a 22% effective tariff rate.

The Great Depression era Smoot Hawley tariffs were only 19%.

…Oh right, and thats all assuming you don’t get laid off.

So that’s a lot.of words to say your dad is a fucking imbecile, sorry about that.

My dad is also a MAGAtard, but he’s also all the way down the QAnon rabbit hole, builds ghost guns in his garage… I now live many states away from him.

EDIT: It is now less than 24 hrs after I made this post … and the DJIA is now under 39000.

Thats about a 13% drop from the top, 4 months ago, as opposed to the 10% drop i did all the numbers with yesterday.

Yee fucking haw!