There’s a lot about these millennials that perplexes the older generations.
Millennials are not afraid to take chances, and they have a completely different attitude. However, the rising cost of living is putting a timely retirement further out of reach. Market volatility is a little bit of a shock for the millennials because this generation is saving and investing for the first time. What most millennials don’t understand is that if they start saving regularly, acquiring a million dollars may be within the realm of possibility. Even though it may seem like a huge number, it is very doable.
And an article written by MarketWatch left Millennials annoyed after it suggested that you should have twice your salary saved by the time you reach 35.
By 35, you should have twice your salary saved, according to retirement experts: https://t.co/QoVA6EFpHJ
— MarketWatch (@MarketWatch) May 12, 2018
Who are they talking to? It would only make sense if this were advice for the rich.
I can't be only one who reads this & thinks "Who are they TALKING to?" I didn't have that much saved in my 30s. No one I knew had that much saved their 30s & most of us were solid middle class. Is this advice only for the rich? If so, maybe start w/"95% of Americans can ignore." https://t.co/HlTQM5sYGx
— Jeaniene Frost (@Jeaniene_Frost) May 15, 2018
One of the Millennials even questioned if her mom wrote the article.
When did my mom start writing articles https://t.co/s00nY8jTTq
— Erica Henderson (@EricaFails) May 15, 2018
The annual increase in tuition fee and other expenses make it all the more unbelievable to be able to save up this much.
I think you meant to say,
By 35 you should have debt twice your salary.
— From Russia with Love (@emanzi) May 14, 2018
It’s actually easier to collect chaos emeralds and infinity gems.
By 35, you should have collected all the Chaos Emeralds and have half the Infinity Gems in your grasp, say retirement experts. https://t.co/IE3ZMN0PkK
— Andrien 🔜 E3 (@EscoBlades) May 15, 2018
By 16, you should have drafted your first screenplay.
By 42, you should be able to lift thrice your own weight.
By 16, you should have written your first screenplay.
By 8, you should have your self portrait hanging in the Philadelphia museum of art. https://t.co/BtIYQkPQVD
— Anna Hughes (@AnnaGHughes) May 15, 2018
Oh no, my moths!
[turns pockets inside out; two moths fly out]
oh no my moths https://t.co/SpVs7AVfqO
— Anthony Oliveira (@meakoopa) May 15, 2018
Millennials don’t do any real work.
And if you’re a freelancer, you’re already at the top of your game.
As a freelancer, I don't actually have a yearly salary…so I'm nailing it 💪💲 https://t.co/cqr1iDVPCt
— Adriel Wallick (@MsMinotaur) May 15, 2018
Perfect financial advice.
Everyone's roasting this, but to be fair "be rich" is very good financial advice https://t.co/5gmopOoDiP
— Mark Agee (@MarkAgee) May 15, 2018
It is very doable if salary is grass Pokemon.
Salary is a grass pokémon right https://t.co/sqWhjkPm37
— Leesha Hannigan (@LeeshaHannigan) May 14, 2018
Do you think you’ll be able to save up this much money by the age of 32? Let us know in the comments below!