Finance

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50% of Americans Can't Afford Their Lifestyle in Retirement: How to Avoid That Fate (finance.yahoo.com)

submitted 1 year ago* (last edited 1 year ago) by brihuang95@sopuli.xyz to c/finance

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It's a bit of a clickbait-y headline, but thought I'd share this here as a reference for folks who are thinking about their long-term financial plans.

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[–] LoamImprovement 58 points 1 year ago

If half of Americans can't afford to retire, is that a lifestyle problem or an economy problem?

I'm part of a generation that will likely be obligated to work until they die. We're not buying houses. We're not having families. We're 'killing' industries because we don't have the money to spend like our parents did. The well is dry and we are thirsty, and their response is to tell us we should have saved the water we were never given.