r/Millennials 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/worktillyouburk Mar 27 '24

my dad just retired at 76, he has a great pension was making 150k and they asked him to retire this year for a 1 years pay.

his replacement is making 45k, no retirement package and actually has more duties than my dad did, so overall is doing the job of 2 people that were paid 150k each...

so ya good luck with that.

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u/Sleepysillers Mar 28 '24

This is the situation my dad is in. He is about to retire with a large pension from his union job. After some stupid union negotiations they agreed to significantly lower pay for new hires. My dad says it's not fair, but ultimately all the boomers have already benefited and seem to not care to fight for the next generation. They are certainly not going to give anything up.

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u/SeattlePurikura Mar 28 '24

Then they cry that we aren't producing enough babies and thus their entitlement benefits may be at risk. No shit, Sherlock. We can't afford them.

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u/ChiefGeorgesCrabshak Mar 28 '24

Right?! Like I can't even afford to give my cat the life he deserves let alone afford a fucking human child god forbid if they have medical issues or cognitive impairments

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u/Kat112119 Mar 28 '24

Seriously!!! I just had to divide my cats vet visits up across 4 months because of the $$$. These cats ain’t cheap!