Quote:
Originally Posted by Sylvanfan
I will say this...years ago when I was a single guy able to work a lot of OT and make an okay wage, things were cheap. I could buy a nice house for $150 grand, or I could share accomodation for $350 a month with all my utilities paid. It was pretty easy to put away money for retirement.
Fast forward a few years with a wife, kids...etc. Working 60+hours a week isn't that easy, and unfortunately the cost of the things required is quite a bit more today. When that $3500 a year you were hoping to get is pulled from under your feet, it's hard to come up with that extra money when you're already living pretty tight.
If I'm falling short of meeting retirement goals I would hazzard to guess I'm not alone. If everyone in North America was as cheap as I am...the recession would go on for decades.
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To be fair, you live in one of the nicest places in one of the best countries in the world. You're already half way to what many people consider retirement look like.