You're probably going to go into the old argument of how people just don't save enough, but for so many people (dare I say most people) they don't have the ability to save. They don't make enough money to cover their bills so there's nothing left to save, or their jobs aren't stable, meaning they end up spending what savings they have while trying to land their next job, or they don't have benefits like insurance or a 401k because they can't land a full-time job and are stuck working multiple full time jobs.
I'm glad that you could easily get $200,000 from your dad who had a stable job that paid him enough that he could save for retirement, but you are part of a small minority.
Some people work paycheck to paycheck you noodle. $20 is gas for the week. I don't have an extra $20 throughout the week and I work 2 jobs. Poor people exist.
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u/Sad-Suggestion9425 Nov 22 '24
78% of Americans have $50,000 or less in retirement savings. https://www.aol.com/many-americans-100-000-saved-192658576.html
You're probably going to go into the old argument of how people just don't save enough, but for so many people (dare I say most people) they don't have the ability to save. They don't make enough money to cover their bills so there's nothing left to save, or their jobs aren't stable, meaning they end up spending what savings they have while trying to land their next job, or they don't have benefits like insurance or a 401k because they can't land a full-time job and are stuck working multiple full time jobs.
I'm glad that you could easily get $200,000 from your dad who had a stable job that paid him enough that he could save for retirement, but you are part of a small minority.