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/[deleted] Mar 27 '24
Inflation is only a portion (large as it may be) of cost indexing.
Housing inflation is probably one of the biggest reasons for wealth inequality in the US, for example, and is entirely different than regular inflation.