To many historians, the fall of the Western Roman Empire in the 5th century CE has always been viewed as the end of the ancient world and the onset of the Middle Ages, often improperly called the Dark Ages, despite Petrarch’s assertion. Since much of the west had already fallen by the middle of the 5th century CE, when a writer speaks of the fall of the empire, he or she generally refers to the fall of the city of Rome. Although historians generally agree on the year of the fall, 476 CE, and its consequences for western civilization, they often disagree on its causes.
Unlike the fall of earlier empires such as the Assyrian and Persian, Rome did not succumb to either war or revolution. On the last day of the empire, a barbarian member of the Germanic tribe Siri and former commander in the Roman army entered the city unopposed. The one-time military and financial power of the Mediterranean was unable to resist. Odovacar easily dethroned the sixteen-year-old emperor Romulus Augustalus, a person he viewed as posing no threat.
Romulus had recently been named emperor by his father, the Roman commander Orestes, who had overthrown the western emperor Julius Nepos. With his entrance into the city, Odovacar became the head of the only part that remained of the once great west: the peninsula of Italy. By the time he entered the city, the Roman control of Britain, Spain, Gaul, and North Africa had already been lost, in the latter three cases to the Goths and Vandals. Odovacar immediately contacted the eastern emperor Zeno and informed him that he would not accept that title of emperor. Zeno could do little but accept this decision. In fact, to ensure there would be no confusion, Odovacar returned to Constantinople the imperial vestments, diadem, and purple cloak of the emperor.
Fall of the Western Roman Empire
Last Stand Against the Barbarians | Rome: Rise And Fall Of An Empire
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It always shocks me. I was talking with my friends a few months ago and a couple of them talked about how they have maxed out their 401k contributions for the year so what they do with the rest (like put it in an IRA). The max contribution for a 401k is something like 19k a year. I so shocked that they thought having that amount of extra income to put into saving was “normal”. I put like $300 a month into mine plus the company match and have to think about stopping it all the time just have the $300 back cuz I need it.
Your friends are definitely the exception. That’s like 30% of the median household gross income. Either they live with parents or make mad bank imo. Also no judgement if they live with parents, I’d rather have people save for their own retirement than their landlord’s generally.