return2ozma@lemmy.world to News@lemmy.world · 8 months agoMillennials and Gen-Zers are pulling in bigger paychecks, but much of their spending power is fueling short-term purchases like groceries and vacations, not savingswww.nbcwashington.comexternal-linkmessage-square22fedilinkarrow-up10arrow-down10
arrow-up10arrow-down1external-linkMillennials and Gen-Zers are pulling in bigger paychecks, but much of their spending power is fueling short-term purchases like groceries and vacations, not savingswww.nbcwashington.comreturn2ozma@lemmy.world to News@lemmy.world · 8 months agomessage-square22fedilink
minus-squarejordanlund@lemmy.worldlinkfedilinkarrow-up0·8 months agoBoomers don’t have savings either… neither does Gen X. Why should they be any different? https://www.nasdaq.com/articles/retirement-outlook-2024:-less-than-half-of-boomers-have-adequate-savings-will-younger "Forty-three percent of 55- to 64-year-olds had no retirement savings at all in 2022, according to the Federal Reserve Board The National Council on Aging estimated 17 million people over 65 are considered economically insecure" And, yeah, that’s me, but I also don’t expect to retire. Never did.
Boomers don’t have savings either… neither does Gen X. Why should they be any different?
https://www.nasdaq.com/articles/retirement-outlook-2024:-less-than-half-of-boomers-have-adequate-savings-will-younger
"Forty-three percent of 55- to 64-year-olds had no retirement savings at all in 2022, according to the Federal Reserve Board
The National Council on Aging estimated 17 million people over 65 are considered economically insecure"
And, yeah, that’s me, but I also don’t expect to retire. Never did.