Thread: Life Are you financially better off than your parents were at your age?
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Old 07-17-2015, 09:46 AM   #143
El Jefe El Jefe is offline
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Quote:
Originally Posted by lewdog View Post
I think my generation, millenniums, tend to over-estimate how good our financial situation happens to be. Most look at income brought home and solely that compared to others or their parents. However, this generation has very few homeowners compared to our parents at this age, has higher living expenses (by choice at times) and has virtually no savings for retirement or even a clue on how to prepare for the future. I know plenty of people who are offered 401k's at work and either have no clue what they are investing in them or some of them decide not to even have one. So while many feel good about things, their grasp on a full financial picture is very poorly defined.
A lot of good points in here, I see a lot of my friends fall into your exact description. Very few of my friends are homeowners, and very few have any retirement accounts started.
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