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Young Canadians think retiring at 65 is an outdated concept
(financialpost.com)
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this post was submitted on 24 Apr 2024
120 points (100.0% liked)
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As a millennial with a not-amazing but decent paying job, the notion of retirement at all is laughable. What incentive do people like me have to save, when inflation and cost of living are on the trajectory that they're currently on? Putting money away at this point just means less money for groceries, rent, and enjoyable things. And in 5 years, that saved money will be worth less than it is today.
That's why they pay us the medium bucks!
Saving shouldn't mean hoarding money, it should mean investing. You should be able to find some cheap index funds out there that will help you beat inflation.