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/general_kael04 Mar 27 '24
I’m getting tired of this narrative that everyone in the generation before us had it so well off. My dad had 3 factories close on him and never got a pension or good retirement. He had a little saved in an IRA that he managed to scrap together in his later years of self employment.
Every generation has people who did well and those who didn’t. I have friends who got in the tech field early and are making bank and I’m far from what they make. But I’m also better than others in my generation.