656
submitted 11 months ago by RealWarrenBuffett@lemm.ee to c/world@lemmy.world

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.

you are viewing a single comment's thread
view the rest of the comments
[-] bluGill@kbin.social 0 points 11 months ago

People tend to spend what they earn. I have to be careful not to spend more than my paycheck every month. I know people who make less than half what I do who still do okay in life - they don't have as nice a house or as many toys, but they have food on the table and a warm roof. I know from experience that I could cut how much I spend every month by a lot - I just don't want to cut those extras from my life.

Many people are working long hours now saving for retirement when they plan to travel, and thus they think their spending will be more in the future. I know some who did that for years, and got cancer and died before their planned retirement age. I know others who have been traveling the world carefree for a couple decades after retiring.

this post was submitted on 06 Oct 2023
656 points (93.5% liked)

World News

38492 readers
2788 users here now

A community for discussing events around the World

Rules:

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS