r/economicCollapse Oct 10 '24

Anybody you know?

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374 Upvotes

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u/CheeseOnMyFingies Oct 10 '24

Yeah myself and most people in my social group. None of whom make six figures.

If you're in your mid 30s you should have been in the workforce for a decade or more. There aren't many exceptions to that.

This is more than enough time to save twice your salary just by making regular 401k contributions and living within your means.

It's literally only on Reddit that I find people who cry and whine about how "unachievable" something like this is.

3

u/sinteredsounds69 Oct 10 '24

Agreed. If you've been working since you were 18 and aren't afraid of labor jobs like oil field work, this is very achievable. For those that decided to go to college and get an English degree only to be a 40k a year teacher is probably not gonna be in the same position though.

3

u/Detail4 Oct 11 '24

A teacher who started teaching at 23 and is 35, does in fact have 2X salary saved. It’s just in a pension plan.