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Topic1 in 6 millennials now has $100,000 saved. 1 in 3 have $15,000 saved.
FLUFFYGERM
01/24/18 12:08:21 PM
#53:


Asherlee10 posted...
Tupacrulez posted...
The norm should be parents teaching kids to not buy dumb shit. You don't need a brand new vehicle, you don't need a bunch of fancy electronics, you don't need 250 dollar shoes.

Spending habits are a big part of this.


I don't disagree, but it isn't the current norm.

I think I might also see something wrong with living just above the poverty line and also sacrificing even more just to save for retirement. It kind of begs the question of quality of life and what's worth it and what's not.

For example, if you were making $36k/year for two people while you were going to school and you were able to save $5000/year for retirement. That's pretty low living conditions.

Take home would be around $29k/year right? So minus $5k, that's $24k/year for 2 people. That seems really harsh.


Depends on where he lives. Where I live, 24k a year for 2 people is very comfortable. You can find awesome 2-bedroom apartments in nice areas for $850 a month. Or a 1 bedroom for even less. If you have two people working (or room mates) you should be able to save money on 24k per year.

Unless you make bad decisions like finance a $30,000 car and buy a brand new phone each year.
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but Marxist theory is extremely consistent, both internally and with reality. -averagejeol
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