50% Of Millennials Think They Only Need $300,000 To Retire

Source: https://www.zerohedge.com/markets/50-millennials-think-they-only-need-300000-retire
Published: May 28, 2022
Author: Tyler Durden
Post Date: 2022-05-28 02:42:45 by Horse
Views: 273

More than 40% of respondents to the survey said they arrived at their estimates "simply by guessing".


Poster Comment:

Maybe $300,000 and a mortgage free farm and house.

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#1: Esso    To: Horse, Sling Blade, 4um (#0)

I don't know what I'm doing wrong, but my brokerage account went north of $1,000,000.00 for the first time since my divorce in 2014. The Bidet's war on energy has worked out well for me.

Esso posted on 2022-05-28 03:25:23   Reply   Private Reply


#2: BTP Holdings    To: Horse (#0)

Maybe $300,000 and a mortgage free farm and house.

When we lived in Skokie, Illinois, we lived in a small brick house at 8200 Central Park. My Dad was a Lithographer across the street at Rand McNally.

Rands decided to close the plant and move it to Kentucky. My Mom didn't want to move to Kentucky, so we sold the house and moved into an apartment at 1455 Cuyler in Chicago. It was steam heat from a radiator to heat the place in winter. I recall waking up and standing in front of the open gas oven door to warm up until the Janitor could stoke up the boilers.

My Dad was the eternal cheapskate right up to the end. My younger sister begged him years ago to get a place for himself, but he wouldn't listen.

When he passed away at the age of 90, she had to have the body cremated. I wonder where the urn with his ashes are now? If they decided to scatter them in the Chicago River and someone saw them, they might be arrested for polluting the river. :-/

BTP Holdings posted on 2022-05-28 08:58:36   Reply   Private Reply