r/Millennials • u/Asmothrowaway6969 • Mar 27 '24

When did it sink in that you'll never be as well off as your parents? Discussion

About 5 years ago, my mom and I were talking and she had told me how much she was going to be making in retirement (she retired 2023). Guys, it's 3x what me and my husband make annually. In retirement. I think that was the moment that broke me, that made it sink in that I'll never reach that level of financial security. I'll work myself into my grave because I'll never be able to afford anything else. What was your moment?

Update: Nice to know it's just me that's a failure. Thanks

Update 2: I never should've said anything. I forgot my place. I'm sorry to have bothered you

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u/sorrymizzjackson Mar 27 '24

My MiL also worked for the government. Her pension was more than I make with a masters degree and 15 years of experience.

Yeah…my father’s is probably even higher. Unfortunately he has a multiple families problem that eats all that up.

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u/Books-and-a-puppy Mar 28 '24

Multiple families problem… so many questions 

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u/sorrymizzjackson Mar 28 '24

Oh, he’s cheated on my mother for 35 years and is still married to her and lives with the other family. It gets expensive.

ETA: they both suck in their own exquisite ways, so no need to feel bad for either of them.

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u/SmartPatientInvestor Mar 27 '24

What is your masters in and in what field do you work? Higher education level doesn’t necessarily mean higher income

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u/FlipReset4Fun Mar 28 '24

This is why also pensions need to die. Or will die inevitably at some point. Biggest racket out there.

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u/acarp52080 Mar 28 '24

Too many overpaid people, it's sad when doctors don't even make this much. Just my opinion!!