LogFAQs > #894703940

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Topic1 in 6 millennials now has $100,000 saved. 1 in 3 have $15,000 saved.
The Admiral
01/24/18 11:38:29 AM
#29:


Drpooplol posted...
The Admiral posted...
FLUFFYGERM posted...
@The_Admiral

You probably give millennials a lot of flak, but we're not all ignoramus socialist clowns! :D


Millennials are now entering their mid-30s, and that $100K includes retirement savings. That's really pretty pathetic at that point in your life. By that time, your 401(k) or retirement accounts should be at least twice that.

You are incorrect. It's recommend that you have your yearly salary in retirement savings by the time you're 30. Millennials can still be in their lower 20's as well.


Based on their definition, half of millennials are over 30 and 1-in-6 of them are 35 or older. And yet only 1-in-6 have more than 100K in savings, which includes retirement accounts and non-retirement investments according to the article. That's terrible for adults that age.
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- The Admiral
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