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A comment on Younger job seekers hold the advantage (because they can do startups instead). Parent comment

Re:Younger job seekers hold the advantage (because they can ... by sbraford on Sunday July 08, 2007 @09:45PM (#33169)
Exactly. Man I wish I had rich parents, even helping out $10k a year or so could go a long way when you're fresh out of school and expenses are still low.

An ex of mine got something like $25k cash for her college graduation present. Assuming she earned 10% or so on that for the next 40 years, she was already guaranteed to be a millionaire by retirement. Anything she did on her own was gravy.

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Re:Younger job seekers hold the advantage (because they can ... by Psyonic on Monday July 09, 2007 @12:35PM (#33271)
While getting a $25000 college graduation present would be fantastic (although I bet she just bought a car), your projection is a bit optimistic. While yes, she would have a million dollars, that million dollars would only be worth $295712 after accounting for inflation (at a constant 3% yearly.) Still great, but she's not exactly ready for retirement.
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