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In Their 20s, Struggling to Save and Tired of Being Lectured About It

nytimes.com

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Re: In Their 20s, Struggling to Save and Tired of Being Lectured About It

#3
Looking back, our retirement saving really started in the mid-late 30’s. No kids, two incomes and finally above entry level salaries. Continued through our 50’s. Only out of school mid 20’s and married a few years after than. No chance to really accumulate then.

Re: In Their 20s, Struggling to Save and Tired of Being Lectured About It

#10
A super shitty one: in Berkeley there's a mandatory savings contribution, with no income floor. So what you get is people who are on minimum wage who can barely cover bills because of laughably low minimum wages, who are effectively having those negligible wages garnished - the "savings" aren't meaningful for retirement in any way shape or form, so all that is happening is they're having money taken from them so that they can't buy, for example, food.
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