Millennials' retirement and homebuying plans may be a fantasy

If you put your money in index funds, you can expect it to beat inflation by about 7-8% on average, especially over the course of a decades-long working career. It's usually not worth it to ever look at the non-adjusted projected value.

Did they even match? No match is madness.

Im guessing they used avg and not median

better off robbing poor people, less likely to get investigated

Ah, yes. The plans laid out by the ultra wealthy bear fruit. We blame and shame each othe while they pay no taxes! Mr. Burns would be proud.

Remember that just five years ago, Trumpcsigned a tax bill that gave the wealthiest amongst us a collective two trillion dollar tax cut that cost me the home interest and local tax deductions i depended upon. My crime was living in a "blue state".

Same.....same. I'm a father of three, single income. I put away about $350 a month into a 401k for retirement. It's not enough, but between housing, fixing things that break, health coverage, etc. it's the best I can do.

I will admit the idea has crossed my mind. We will see where things are when I plan to retire.

What is the motorcycle for? Fun because fuck it?

Yup. The adults gave themselves the authority to declare perpetual adult swim. And now people are realizing that they’ve spent the entire time shitting in the pool before they die.

The "revolutions" you listed were pretty violent. The Indian Independence Movement was famously bloody. Even Ghandi was murdered by conservatives.

Countless protesters were murdered in the Velvet Revolution. The protesters themselves were peaceful: I'll give you that. But they were slaughtered for 30 years before a transition of government finally happened. Hell, it even started violently as hundrsds of thousands of Warsaw Pact troops invaded Czechoslovakia and slaughtered protesters.

Demonstrators in the Philipines were similarly murdered in ipen, violent fashion in the People Power Revolution. But, yes. The protesters remained nonviolent as entire families were erased by Marcos.

The Singing Revolution was pretty peaceful, but not without violence (see Bloody Sunday of 1991), but I would argue also that Soviet contr of Estonia, Latvia and Lithuania were almost entirely by declaration rather than direct oppression. As such, the Soviets offered almost no resistance to their declarations of independence. The oppressive conservative machine just didn't really exist there when the "revolution" happened.

I don't think there can be truly peaceful coexistence between conservatives and normal people in the U.S. The conservatives will always seek to oppress the normal people. That is just their nature. A cure is technically possible, but it would require following through this time. I just don't think most normal people have the stomach for that.

Saying "this content fucking sucks stop posting it" is in no way an endorsement of this content.

Go mow the yard of the house you bought after "working through your 20s" and "not taking vacations every year" you bootstrap puller you, nobody cares.

I don't read them. I can't remove them from my feed. And my comment is meant to encourage everyone to stop posting this tripe.

They say people are only three meals away from revolution. But that's even meager meals, not just "i can't afford steak". So I think we're still a ways off from most people reaching that point.

I am very sympathetic to this. When I had a friend go through cancer, it made me realize a lot of important things about life. In the middle of that list, but critical in that list of things is paying for supplemental disability insurance. It was like a few hundred dollars a year that is the difference retaining an additional 20% of your salary in disability if needed. I am probably more likely to near term need supplemental disability insurance vs life insurance, and if I'm still alive and thriving and on disability that's probably a bigger financial drain on my family that sudden untimely death.

Sorry about your partner's health. I know it's unlikely, but hopefully things can get a bit better for y'all.

I mean, this is why I left a few potential partners. Because they proved to me after months/years of dating that they were going to be a financial drain on me and they could and would not contribute to the relationship financially. I want a partner, not a dependent.

Just like it's a choice to have children or not. I'd love to have a kid, or three. but it's not financially responsible for me to do so.

I think the personal responsibility experiment of 401k's is proving to be a failure. Yes, responsible people with sufficient incomes are somewhat at fault for not using the available retirement vehicles. But if individuals can't be trusted to tend to their own future, we should probably be mandating retirement savings. And with that increasing minimum wage and considering UBI's to make it reasonable for people save and have money in retirement.

But thanks for the sympathy for the downvote brigade. Merely suggesting personal responsibility seems to bring on the hate in lemm personal finance discussions. I have coworkers and friend's with 6 figure incomes, top 75% of USA household incomes. They hardly use their 401k's and use Roth IRAs when they have the means to be maxing those out.

So what should I assume? that' i'm going to get cancer in 5 years and therefore spend everything i have now so i can start living paycheck to paycheck? on what? hookers and blow? travel? stupid shit that will give me a few moments/days of happiness now so i can live in poverty in my old age?

life is about choices. make your own. but don't expect them to not have predictable consequences and get mad that those consequences happen. I made mine. and i do very much begrudge bitter people who made poor choices who blame others for making good ones that benefit them life-long.

all i see in these articles is wealthy folks whining because they have no self-respect and no self-control and want to blame other folks for it rather than taking charge of their lives. but hey, i'm a 'privileged' asshole who has had to deal with early parental death and my own serious medical issues that made me realize nobody is bailing me out of my own shit in life other than myself.