Quote:
Originally Posted by mrkajz44
Good article as it doesn't tell only one side of the story. It considers inflation and also touches on the massive differences between interest rates when considering the afordability of homes.
All in all though, it does seem like young adults have it a little bit rougher these days. The home ownership issue is really the big factor in my opinion, everything else isn't that bad.
|
Agree that home ownership is the biggest factor in the perception that our generation is getting an unfair shake. But also the thought of how much we need to put away for retirement just seems staggering.
I'm ballparking having to save $1.5 million to support myself, and my current savings plan won't come close to getting that amount put away.