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Most millennials are hoping to retire early, but only a fraction are doing what it takes
MSN Money ^
| June 9 2017
| Tanza Loudenback
Posted on 06/09/2017 12:07:40 PM PDT by CorporateStepsister
According to a poll from our partner, MSN, 67% of American millennials (aged 18 to 29) want to quit the working world at or before age 65. The current full retirement age, meaning the age at which Social Security benefits fully kick in, is 67 for those born in 1960 or later.
MSN polls its readers, and then uses machine learning to model how a representative sample of the US would have responded, using big data, such as the Census. It's nearly as accurate as a traditional, scientific survey.
(Excerpt) Read more at msn.com ...
TOPICS: Business/Economy; Culture/Society
KEYWORDS: finance; millennials; retirement; savings; working
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To: CorporateStepsister
The only participation trophy in retirement is a Social Security check, folks — and it ain’t going to pay for very much by the time you retire.
2
posted on
06/09/2017 12:09:25 PM PDT
by
Alberta's Child
("I was elected to represent the citizens of Pittsburgh, not Paris." -- President Trump, 6/1/2017)
To: CorporateStepsister
I loaded up my 401k only to find I will get a pension. I could have spent that money on booze and broads but NOOOOO....
3
posted on
06/09/2017 12:10:43 PM PDT
by
AppyPappy
(Don't mistake your dorm political discussions with the desires of the nation)
To: CorporateStepsister
Millennials: victims of liberal thinking. They live in a faux world -— this is another good example.
4
posted on
06/09/2017 12:12:48 PM PDT
by
EagleUSA
To: CorporateStepsister
Most millennials are going to
have to retire early, and they won't like it.
That's because robots will be taking their jobs.
5
posted on
06/09/2017 12:14:23 PM PDT
by
Steely Tom
(Liberals think in propaganda)
To: CorporateStepsister
HA!!! Retirement? Yea right.
6
posted on
06/09/2017 12:15:12 PM PDT
by
The Toll
To: CorporateStepsister
They will toil until the moment of their deaths because of Democrats.
7
posted on
06/09/2017 12:16:17 PM PDT
by
The Toll
To: AppyPappy
I could have spent that money on booze and broads but NOOOOO....There's still time!
8
posted on
06/09/2017 12:16:28 PM PDT
by
Puppage
(You may disagree with what I have to say, but I shall defend to your death my right to say)
To: AppyPappy
I loaded up my 401k only to find I will get a pension. I could have spent that money on booze and broads but NOOOOO....You're a double dipper. Look to the future...now, you can afford to spend twice as much on OLD broads because you were an unwitting saver in your youth.
To: CorporateStepsister
If millenials keep voting progressive, there will be no country to retire to.
To: CorporateStepsister
And, I’ll not give, donate, 1/10 of a penny in any, sort of way, to support them.
11
posted on
06/09/2017 12:18:03 PM PDT
by
SandRat
(Duty, Honor, Country.)
To: AppyPappy
I could have spent that money on booze and broads...My guess is your wife may have objected to this.
12
posted on
06/09/2017 12:18:53 PM PDT
by
Obadiah
(Global warming caused Hillary to lose the election.)
To: CorporateStepsister
Retire?
Haven’t many of them already done so?
To: CorporateStepsister
Well, the first requirement of retiring early is to be generating an income.
14
posted on
06/09/2017 12:23:23 PM PDT
by
jimbug
To: Pearls Before Swine
now, you can afford to spend twice as much on OLD broadsAgeism. Quit disparaging and defaming old broads. I am one, and I can tell you, we are fully deserving of twice as much money and everything else.
15
posted on
06/09/2017 12:26:06 PM PDT
by
Veto!
(Political Correctness Offends Me)
To: CorporateStepsister
Millennials will collect social security? Hahhahahahahaaa!!! Lols.
16
posted on
06/09/2017 12:26:17 PM PDT
by
steel_resolve
(And an angel still rides in the whirlwind and directs this storm)
To: CorporateStepsister
Hard for anyone to retire with such low interest rates.
17
posted on
06/09/2017 12:28:25 PM PDT
by
alternatives?
(Why have an army if there are no borders?)
To: Steely Tom
Their duty is clear. To build and maintain those robots.
18
posted on
06/09/2017 12:31:40 PM PDT
by
JediJones
(We must deport all liberals until we can figure out what the hell is going on.)
To: CorporateStepsister
The key to retiring early is to develop streams of passive income while also reducing expenditures. For most people this means investing in real estate, for both a primary residence and rental income.
Millenials who are not active in the real estate market today will find it much more difficult to retire early in the future.
19
posted on
06/09/2017 12:32:04 PM PDT
by
mac_truck
(aide toi et dieu t'aidera)
To: AppyPappy
I am retired with two pensions, a 401(k), social security and I do some part-time consulting. Life is good.
20
posted on
06/09/2017 12:34:03 PM PDT
by
SVTCobra03
(You can never have enough friends, horsepower or ammunition.)
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