Quote:
Originally Posted by Weitz
I mean 8 years ago to now is an incredible difference. With climate change and all sorts of other things I’m not banking on much travel in my retirement.
Doesn’t mean I’m not saving now. But I feel for people who are saving too much just to lose their health, mobility, or ability (cost) to do the things they love in retirement that they have waited their life for.
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Do these people actually exist? Or is this a straw man spenders create to justify their spending. For the most part the savers I know that have a choice have smaller houses, older cars, and lower cost vacations. Things that don’t necessarily affect enjoyment of life (depending on what you value).
I just haven’t met people saying I’m living at a lower standard of living today so that my standard of living will be way higher in retirement. Most people plan to live at roughly the same standard of living throughout their life.