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Maybe try considering that $1200/yr towards retirement doesn’t provide much comfort when that doesn’t even cover a month’s worth of rent today. It’s okay to ad
by jagger27 2y ago
Maybe try considering that $1200/yr towards retirement doesn’t provide much comfort when that doesn’t even cover a month’s worth of rent today.
It’s okay to admit that while you also had it hard, younger people have it much, much harder. This shouldn’t be surprising. Home ownership is completely off the table if all that can be spared is $1200/yr.
Do you even look at the price tag of bananas when you buy them? Consider perhaps that the date of your birth has more impact than your rugged sacrifice and work ethic. I see plenty of both of those things in my zoomer friends and it doesn’t make rent more affordable.
I’ll add for transparency that I make a very comfortable six figure salary at an old, stable software company you’ve likely heard of. I stay in my amenity-less apartment because the rent is low enough to keep the shaky dream of home ownership alive. I even have pretty generous RSUs. I am extremely lucky. Even still, without ~equal partnership and shared ownership with someone roughly as wealthy as me, I couldn’t afford to own a home in the neighbourhood I grew up in. I’m 29 years old and have been making this much for three years. There aren’t many jobs that pay better than this.
Spare me your financial advice and think of people who make less than a third of what I make who grew up next to me. Some of them work good union blue collar jobs that your parents would have respected. Everything has outpaced wage growth. Everything.
- Alupis 2y agoIt's $1200 a year for the first year or so, then it's more and more over a 40 year career. I don't understand why this is a difficult concept to grasp - your income increases as you develop your career... and so does your retirement contributions. This fictitious person who can't scrape together $100 a month for retirement but has worked for 5, 10, 20+ years is a complete myth, or a total failure on a personal level.