I’m 40 and expect to receive either nothing from SS or a pittance compared either to what I put in (and could have built up in savings myself with that money) or what Boomers will receive. I’m resigned to having to save for mySELF.
But because I “count as gone” my SS taxes — down a rathole — I have to put aside EXTRA money for retirement.
In turn, that means forgoing things that the Boomers didn’t forgo. Things like a nicer home, a 2d car, a 3d child.
Obviously most of those Boomers who post HERE are not the problematic ones, but as a generation? They did not serve mine well.
The following is simply my opinion . ..
Don’t forgo the 2nd and 3rd child!!! I don’t see that; better they live, and you live a full life, than to salt away material things that can be taken from you anyway. Screw the financial planners, live with courage, and trust God to reward you for doing the right thing in terms of having more children. Hell, tithe 10% to your church as well. You’ll do fine.