This Retirement Advice Just Made The Entire Internet LOL
Not happening, Jean Chatzky
Retirement savings — LOL, am I right? The current generation of young adults (and slightly less young adults) aren’t doing so hot when it comes to money. In fact, we’re possibly going to be the first generation who won’t do better than our parents. That’s why some very ambitious retirement savings advice from a financial expert has Twitter in stitches.
Because honestly, who even has a month’s salary in savings let alone A YEAR’S?
Finance guru Jean Chatzky probably meant well when she sent out a tweet this morning with some advice on how much money a person should have set aside for retirement at certain ages.
“By the time you’re 30, aim to have 1x your annual income set aside for retirement. At 40, 3x; at 50, 6x; at 60, 8x; and by retirement, 10x,” she writes.
And Twitter was basically like:
Because who in the fuck is able to put aside that kind of money by age 30? Not me. Not anyone I know. And apparently, not a bunch of hilarious people on Twitter either judging by the epic replies to Chatzky’s tweet.
First of all, who even said we HAD any money to save.
Some helpfully pointed out that it’s all about your lifestyle choices, really.
What other option do we have?
Not to belabor the point but, seriously, L-O-fucking-L.
Sorry Jean, but no. Just no.
Just absolutely screwed.
Now THIS is doable.
Ugh, that’s where we went wrong. BRB, going to find new parents.
I turn 36 next month, so this hits a little too close to home.
OK, we do kind of need to know this.
To sum up:
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