Die Mehrheit der Amerikaner sagt, dass es für die jungen Erwachsenen von heute schwieriger sei, wichtige finanzielle Meilensteine zu erreichen
Von rhiever
Die Mehrheit der Amerikaner sagt, dass es für die jungen Erwachsenen von heute schwieriger sei, wichtige finanzielle Meilensteine zu erreichen
Von rhiever
6 Kommentare
Imagine if we had some kind of device or technology through which we could actually measure how each individual was doing rather than rely on what the majority of Americans „say“ (or believe) or other kinds of random inexact approximations (like who buys a house or whatever). That sure would be neat if we had some kind of tool that could do that! I can’t believe nobody has thought of this idea, it seems like this is such an obvious thing that surely it could have been imagined long before our globe-spanning telecommunications infrastucture was built
They said the same thing about Millenials when they were Gen Z’s age today and Millenialsare now the richest generation of all time for their current age
Best possible financial strategy for young people today is to live with their parents until they’re 25 if they can do it. If not, get half a dozen roommates and just tough it out.
That’s roughly $15,000 a year in rent saved from the age of 18 to 25 or about $100,000.
Invest it in an S&P 500 index fund. With an average annual return of 10% and annual inflation averaging 2.5%, at age 65 you’ll have $1.8M in inflation-adjusted buying power.
Or do it for 4 years and settle for $1.3M It’s one hell of a start.
Something interesting I’ve anecdotally experienced is that the VERY elderly (80+) tend to be a lot more sympathetic to the struggles of being a young adult in today’s economy that the simply elderly (60-79) and middle aged (40-59).
I talk to a lot of really old people for work, and they say they can’t see how people my age (32) make it work with how much everything costs.
I mean, it’s both – it can be both. Things ARE objectively harder now but also there’s just more „crap“ to blow money on these days…so easily that most of which doesn’t even require you to leave the house…or physically go get your wallet.
Weird! Maybe it’s because key financial milestones are harder for today’s young adults to reach?