Just read this article https://www.cnbc.com/amp/2018/02/05/1-in-6-millennials-have-100000-heres-how-much-you-should-have-saved.html and am seriously scratching my head. I figured this reddit is the way to figure it out.
I'm a millenials. I have a master's with student loans, a spouse, kids, cars and a house. I do not have 100k in the bank and couldn't imagine saving 25% of my income.
When I think back into my first job outside of college which required a degree (marketing assistant) for $11.59, there was no way I could imagine living off 25%. It didn't include benefits either! It took years to be able to work my way up and save. Graduating during a recession and fighting for jobs with people with more experience then I was alive was tough. Many of my peers are still working to pay off loans and I should be free this year.
So what do you think- 1 in 6 is likely or bull?
Thanks!
Submitted February 05, 2018 at 07:05PM by Wanderlust62 http://ift.tt/2E4F6gd
