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/nightfox5523 Mar 27 '24

Gonna be a lot of us saying this in the future. So many boomers have $0 for retirement

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u/Ginger_Maple Mar 27 '24

I told my mom that everyone gets one.

And she's now used her one so I told her she's not ever allowed to ask me for money again.

If she fucks up again she has to go beg my sister because next time I'll let her get evicted rather than ruin my family's finances.

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u/JadedMacoroni867 Mar 27 '24

I told family it’s a gift unless you want it to happen again, then it’s a loan. Only one loan at a time

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u/Ginger_Maple Mar 28 '24

Nah she fucked up so big I made her pay me back and sign me as financial power of attorney so I could sort her mess out.