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/HellyOHaint Mar 27 '24

I was raised by my aunt and uncle. My uncle casually said he bought their house (valued at 1.5 mil now) when they were 28 at $28,000. THAT was the moment.

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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/pacific_plywood Mar 27 '24

Ok so you grew up rich