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elharo comments on Why is it rational to invest in retirement? I don't get it. - Less Wrong Discussion

20 Post author: diegocaleiro 16 May 2013 01:28AM

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Comment author: elharo 17 May 2013 09:09:39AM 4 points [-]

Cost of living needs to be considered. It costs more to live in the United States than Mexico. Someone who's living on the street, and eating out of garbage cans, or who is hungry because they can't afford to buy food is objectively poor. And yes, this sort of poverty exists in the United States; and it disproportionately occurs among the elderly.

Comment author: Larks 17 May 2013 01:14:25PM *  1 point [-]

That is already PPP adjusted. Here is a good blog post on the subject by Will Crouch.

Comment author: Alsadius 17 May 2013 10:42:39PM 2 points [-]

Even PPP adjustment doesn't tell the whole story. It's not legal to live like you're in a Harare slum in the US, whether you're willing to or not.