NW-Bound
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 3, 2008
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A Reuters article on savings habit of different generations has the following excerpt.
See: Generational smackdown! Who is best at retirement saving? | Reuters.
I have always been a saver same as many posters here who achieved FIRE'd status without a pension, but perhaps we are in the minority. On the other hand, I have encouraged my children to save, and they seem to be doing OK. I keep telling them to save in order to be able to retire in the 50s like I did, or they will be working till their end of life.
"... according to a study by online brokerage TD Ameritrade, younger Americans are hardly the slackers they are often portrayed to be. The vaunted baby boomers - those born between 1946 and 1964 - started saving for their golden years at age 35. Meanwhile, Generation X (born in the late 1960s and 1970s) started much earlier, at 28.
And Generation Y, born in the 1980s and 1990s, bested both of them. They began at an average age of 24."
And Generation Y, born in the 1980s and 1990s, bested both of them. They began at an average age of 24."
See: Generational smackdown! Who is best at retirement saving? | Reuters.
I have always been a saver same as many posters here who achieved FIRE'd status without a pension, but perhaps we are in the minority. On the other hand, I have encouraged my children to save, and they seem to be doing OK. I keep telling them to save in order to be able to retire in the 50s like I did, or they will be working till their end of life.
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