“Shockingly, only 18 percent of workers under 24, and just 38 percent of workers under 35, contribute to employer-sponsored retirement accounts even when they are available.”
And how many of those withdraw even that when they switch jobs, just to pay down the debts they’ve accrued?
I don’t know anyone that has been able to save this way without any withdrawal, and I certainly don’t know anyone saving since they were 24...except, of course, the people that have been in the same government job since they graduated from high school. The economy isn’t that steady, and most people switch jobs too often these days, to accrue that kind of savings. Add in paying for divorces and crippling student loans and you have a generation that will be worse off than the previous one for the first time in American history.
Ping list for the discussion of the politics and social (and sometimes nostalgic) aspects that directly effects Generation Reagan / Generation-X (Those born from 1965-1981) including all the spending previous generations are doing that Gen-X and Y will end up paying for.
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