Of all generational cohorts, older millennials are most likely to generate enough income to retire comfortably, according to the latest Vanguard Retirement Readiness report.
Specifically, millennials aged 37-41 have the greatest chance of landing a comfortable retirement.
Like what specifically? Are you factoring in what things might look like in the coming decades? Or what things already look like for a majority of Americans?
I don’t care if I can get a 4k tv for $300 if I have no emergency fund, no retirement savings and can’t cope with a medical emergency (even with insurance).
Savings is about sacrifice for today. I personally know some who are making half a million/year who are living paycheck to paycheck, while I know others making poverty income who have growing savings. It is much easier to have a “nice” life when you have more income, but living below your means is a choice that everyone could make.
somehow you have access to post your reply. Give up your internet and that would free up some money. I have no idea what else you do in life, but I’m sure there is a lot more.
I know I gave up avocado toast and am now a homeowner.
The toast guy is now saying that we need mass layoffs to teach us toast eaters a lesson about not asking for better wages.
Internet access is as basic a utility as electricity and water these days. It is nigh impossible to function in society without access to the internet and pretending otherwise is just oblivious to the point of petulance.
Trying to understand your point here. Because I have access to an internet-connected device means that’s the reason me and others like me aren’t saving enough?
Or maybe you meant if I have this device and I’m able to save then things aren’t as bad as they seem?
There is a consequence to your choice to have internet. There is less money for other savings. Worth it is not a choice I can make for you.