I think most people's financial situation is worse than their 401(k) suggests. Debt loads are extreme and growing. Real wages are dropping. And while a minority of people might be on track to pay off their homes by retirement, many have homes so expensive they will die with a mortgage, or they'll be stuck renting in a world where rents are rising much faster than income.
There's rumors that Joe Biden is in hospice care right now. Now I don't need that to be true for the point I'm about to make: if he dies today, he'll die essentially at work, his last days on earth being work. A lot of us if we're not careful are on track for a similar existence. I think that's something that should terrify people. Your work is not your life and it certainly should not be your last act before death.
A lot of people will say that we don't have a chance as younger generations, and as a bloc that may be true, but individuals are not the bloc they are a part of. Individuals can make decisions that aren't normal, such as choosing higher paid but unpopular fields, or going to unpopular but inexpensive places to live, or many other choices that aren't the same as your cohort but could help you succeed nonetheless. What might those be? It's really individual. If there was one answer everyone would have done it already. Pick your hard.
There's rumors that Joe Biden is in hospice care right now. Now I don't need that to be true for the point I'm about to make: if he dies today, he'll die essentially at work, his last days on earth being work. A lot of us if we're not careful are on track for a similar existence. I think that's something that should terrify people. Your work is not your life and it certainly should not be your last act before death.
A lot of people will say that we don't have a chance as younger generations, and as a bloc that may be true, but individuals are not the bloc they are a part of. Individuals can make decisions that aren't normal, such as choosing higher paid but unpopular fields, or going to unpopular but inexpensive places to live, or many other choices that aren't the same as your cohort but could help you succeed nonetheless. What might those be? It's really individual. If there was one answer everyone would have done it already. Pick your hard.
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