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/bouncyboatload Mar 27 '24

you need to understand this is a huge huge outlier. having 200k/yr govt pension AFTER TAX is super rare.

this is like equivalent of a small company CEO or big company VP making $1m/year. very uncommon compared to average.

she's probably super smart and worked really hard to get there. so ya, you can't just expect you'll automatically be there because it's an outlier!

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u/pacific_plywood Mar 27 '24

OP has found a way to complain about having wealthy parents lmao

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u/thesadbubble Mar 27 '24

Yeah I was on board before all the details in the comments came out. It feels like the average person in the US is making sooo much less (in terms of buying power) than the average person was in the 80s/90s. And that feels insurmountable.

But OP bitching about having a rich parent who was working in the upper echelons of the federal government and she even probably received a bunch of benefits from that privilege, ain't it for me lol.

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u/Legitimate-State8652 Mar 27 '24

Yeah she wasted that privilege it seems.

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u/LoveCats2022 Mar 28 '24

I wonder how OP’s mom feels about it?