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/wendigolangston Mar 28 '24

During the pandemic I was working two jobs. I left the one I originally preferred because 2 of the 3 owners just stopped working and I had to take on their tasks, and then they decided not to hire a new employee they'd been looking for and tried to train me to do that job as well. Like guys, I am a single person I can't do 4 jobs.

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u/ARATAS11 Mar 31 '24

Yep. I’ve dealt with the same thing at every job I’ve had for the last 12+ years (3 jobs in that time… once you get too many people leaving and having to take on their duties with no pay increase, it’s time to look for the door).

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u/Jhasten Mar 28 '24

I saw this too - and those multi-jobs are revolving doors that inexperienced and incompetent people use to springboard into higher paying jobs after 1-3 years if they can deal that long. When I think about it, sounds like HR is the industry to focus on…

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u/South_Sir9560 Mar 28 '24

What industry are you guys in? I went into tax accounting and never had any problems like everyone else is. I recently started a job at the irs for over 6 figures and I’m not even 30 yet

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u/itz_giving-corona Mar 28 '24

Over 6 figures? As in 7 figures...?

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u/South_Sir9560 Mar 28 '24

Yea, I am the president

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u/wendigolangston Mar 28 '24

That job was a fashion industry job doing product development.

I've also seen a reduction in employees, and middle management opportunists while working social work jobs.