Current Inflation Has Different Effects on Different Age Groups

Re:Current Inflation Has Different Effects on Different Age ... by refurb on Friday June 08, 2018 @03:09PM (#17268728)

Socking away 10% of your take home income for retirement is not "barely making it".

Also, do you have a 401k contribution coming out as well? I assume the $500 IRA is a Roth IRA?

By that same argument I could make $200K, sock $5000 per month away in savings and say "I only have $500 in discretionary funds each month! I'm barely making it!"

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Re:Current Inflation Has Different Effects on Different Age ... by aphextron on Friday June 08, 2018 @09:57PM (#17271089)

That's basically my point though. I'm doing just OK, not getting rich or anything, just not worried about bills and able to save for a retirement. But this used to be the standard for American families. Not the 90th percentile outlier. The economy has changed so fundamentally that it's either get rich or die.

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Re:Current Inflation Has Different Effects on Different Age ... by 3pt14159 on Friday June 08, 2018 @05:49PM (#17270010)

Eh. If he ever wants to own his own home it kinda is, yeah.

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Re:Current Inflation Has Different Effects on Different Age ... by refurb on Friday June 08, 2018 @05:51PM (#17270018)

I don't think owning your own home in the most expensive markets in the US should define whether you're "barely making it" or not.

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