They prefer to suck off their parents.
Retire from what? You mean like from careers and stuff? Or retire, retire?
That’s a pretty short life by today’s standards.
The Government will take care of them for the next 20-30 years...
Actually, I don’t think it’s fair to pick on Millenials in this instance. I’ll bet there a lot - a lot - of people older than this age bracket who are worse off, due to their proximity to retirement age, than these Millenials.
I’m a millennial. Got a lot saved in my IRA. Too bad for other millennials though.
No reason anyone living in this country can’t be a millionaire by the time they’re 60 if they practice frugal living and have a work ethic.
“What’s in your wallet?” - millennial socialists.
Strange, as a 36 y/o I grew up as a "gen X or Y" but now get grouped in with Millennials for some reason. I think people born in 1984ish and earlier should not be grouped with Millennials. Cell phones weren't even really a thing growing up in the late 80s and 90s (only the very wealthy let their kids have the Zach Morris phone), internet was still in its infancy, and there was no such thing as facebook or dating apps (and those using online dating were widely mocked back then as nerds) to say nothing of instagram/tinder/safespaces/etc.
Easily 30% of millennial kids are not even fully employed, and perhaps 75% or more are not.
They think their parents are leaving them a fortune.
We talked a bit about retirement and he asked when I thought I wanted to retire. I told him and he said "everyone under 50 says 60 or 62. But When they are 60 they never retire, even if they are loaded. They may quit their job, but they get another one part time or something of that sort. Most people come to feel that it's too long to do nothing and to milk your nest egg if you stop earning that young." He wasn't advising me to work 'til I'm 70 or anything, he was just saying that younger people all ask him to plan for their retirement at 60 and when 60 rolls around none of them actually retire. I thought that was interesting.
Keeping it real, how are they going to save money? Add to that, pensions and other retirement plans are almst non-existent.
There's always the homeless option.
In the bizzarro reality of these "entitled" morons the money fairy reigns supreme :
If it's not mommy and daddy, it is the infinite purse of the actual adult working Americans, not in the warm embrace of "public employment," the largest subculture parasites of all.
Good luck to them.
Got my retirement statement just yesterday. Pleasantly surprised...plus IRAs, Savings, Home and vacation condo paid for, cars paid for, 2 motorcycles and tennis game never better at age 60. Out lasting guys half my age in the Texas heat.....USTA 4.0 but can hit easily with 4.5 guys. Worked for all of it.......fool.
I’m in!
I am more concerned about the 50-somethings calling in to Dave Ramsey with little savings, a lot of debt and retirement on the horizon.
They can always move to France it worked out well there. /s
Many Millennials despise their parents faith and moral teaching, but they are looking forward to inheriting what their parents’ money. Parents in such situations should consider leaving most of their wealth to causes that agree with and promote their values.
Good luck.
Most are counting on GoFundMe
bookmark