this post was submitted on 06 Oct 2023
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Of all generational cohorts, older millennials are most likely to generate enough income to retire comfortably, according to the latest Vanguard Retirement Readiness report.

Specifically, millennials aged 37-41 have the greatest chance of landing a comfortable retirement.

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[–] [email protected] 5 points 2 years ago* (last edited 2 years ago)

The social security insolvency boogie man gets dragged out to scare everyone at least once a generation. It really is a persistent feature of how our nation is managed.

Remembering The Circle Jerks "Shit hits the fan" from early 1980's.

[–] [email protected] 5 points 2 years ago

This sounds like the solution is to make sure their boomer parents have accidents.

[–] [email protected] 5 points 2 years ago (4 children)

Millennial here and I have a few family members that rely on SSDI so I just like that my contributions support them. I'll figure things out myself for retirement. But an estimated 7.8 million people rely on SSDI and taking that away from them could very well be death sentences. We have to do better.

[–] [email protected] 3 points 2 years ago

How about the richest nation in the history of the world just take care of all of its people, regardless of age?

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[–] [email protected] 4 points 2 years ago (5 children)

40yo millennial checking in. I landed a job at the state run hospital and signed up for the pension. Before I managed that, my "retirement plan" was to be a traveler. Pick up 13 week assignments all over the country with some down time between assignments. I still have it in my back pocket just in case.

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[–] [email protected] 3 points 2 years ago

In my country we know that for sure since so many young people are leaving the country and the rest are working minimum wages because employers are paying them on the side to avoid paying taxes. We are also not allowed to take out our pension savings, like you can in USA. So you end up working like an idiot for government to maybe pay you back money if you manage to live up to average age.

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