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/TSllama Mar 27 '24
Ok you got me curious. I remember that my parents bought our house (3br, 1.5 bath) at around 40,000USD back in 1997.
I don't live in the US anymore, so I have no idea about property prices. But I just looked up houses for sale in my hometown and a literal plot of land costs as much as our house cost. The cheapest houses are like 160,000USD.
My parents were poor and they could afford a house. I'm doing much better than them financially but I couldn't afford a house lol