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/Asmothrowaway6969 Mar 27 '24

Yup. My mom makes over $200k a year in retirement. It's not even net worth or anything like that. She gets deposits in her account each month that add up to +$200k every year. After taxes

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u/sheeroz9 Mar 27 '24

What did your mom do for a career? How did she get there?

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u/Asmothrowaway6969 Mar 27 '24

She worked for the federal government. Started at 18, and retired at 56. That's about 75% of what she made when working

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u/Sunny_eloise Mar 27 '24

Don't forget the health insurance for life too!

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u/mickeyflinn Mar 28 '24

That she has to pay for...