175
Millennials' retirement and homebuying plans may be a fantasy
(www.businessinsider.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 02 Jun 2024
175 points (100.0% liked)
News
23320 readers
4025 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
I'm a pretty well paid millenial who was saving well. My partner is now disabled and our savings are shrinking from medical bills and supporting her lost wages.
For our generation, to succeed, you need to get obscenely lucky. One disaster can wipe a lot of us out.
I know it will suck if it happens but I think we might be nearing the point of revolution. Shit is really fucking hard and you're being squeezed from every direction... as an example my employer switched to "an equivalent insurance plan" my dental coverage disappeared and my raise+CoL increase is less than my increased out of pocket for meds - just for myself... my partner's medical costs are insane.
We exist a bad day away from destitution... and the wealthy and the boomers keep hoovering up "passive income" (i.e. our income).
They say people are only three meals away from revolution. But that's even meager meals, not just "i can't afford steak". So I think we're still a ways off from most people reaching that point.
People need hope to sustain them, it's in short supply these days.
I am very sympathetic to this. When I had a friend go through cancer, it made me realize a lot of important things about life. In the middle of that list, but critical in that list of things is paying for supplemental disability insurance. It was like a few hundred dollars a year that is the difference retaining an additional 20% of your salary in disability if needed. I am probably more likely to near term need supplemental disability insurance vs life insurance, and if I'm still alive and thriving and on disability that's probably a bigger financial drain on my family that sudden untimely death.
Sorry about your partner's health. I know it's unlikely, but hopefully things can get a bit better for y'all.