Every 25 Year Old Needs to See This Chart... (Uh, no...)

[jesseissorude]

Also, a huge HUGE problem with this graph that JP Morgan (who wrote the article) don't want you to realize:

Saving $5k a year isn't a big deal nowadays. But that $5k 40 years ago was the equivalent to $21,300 in today's money. Saving that much is not impossible, but downright herculean for most middle-class families.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[SteveO]

On the lighter side...

"25 years of my life and still, trying to get up that great big hill... of hope...." 4 non blonds- What's up

https://www.youtube.com/watch?v=6NXnxTNIWkc

 

[ZF Lee]

What a terrible way to live life

I know right lol!
Slowlane investing towards wealth at an old age...I have an aunt who is knocked out by Alzheimer's. Talk about wealth in her context, and that's misery for you!
Wealth is best enjoyed young.

And the context that chart exposes is the actual level of greed our society is subjected to. It's money, money, money not needs, needs, needs. Where is the humanity in that?

This is why I don't buy finance books anymore. Most of them are just basic sales-pullers or fluff. Maybe the only thing I'll touch closest to investing is real estate, but then again, I think it's more of a business.

 

[PoGOOD]

I don't know what rate they are using, but any investment type worth their salt will tell you that, in the coming years, the S&P 500 will be *lucky* to return 6%-7% per year on average. Take out inflation of say 3% and the results are even worse.

Oh, and in any sort of retirement account, you are giving the government 50+ years to figure out how to get that money. I have no doubt that those in their 20s and 30s will see something happen when they are in their retirement years that will suck out any sort of value they got from their investments.

Also, if you can't touch the money without permission, it isn't yours.

Look at Shadowstats - 3% inflation is just a wet dream of a politician. Reality is closer to 12-15% p.a.


Wysłane z iPhone za pomocą Tapatalk Pro

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[_Master_Shake]

That's why I started at 24

Well that and my company offers 100% match up to 6% of my salary. Couldn't pass that up, no one I know who works in corporate gets that offered anymore. The days of the GM/Ford/Chrysler pensions are gone...

 

[EvanOkanagan]

What kind of 25 year olds get excited with a chart like this?

 

[lowtek]

That's why I started at 24

Well that and my company offers 100% match up to 6% of my salary. Couldn't pass that up, no one I know who works in corporate gets that offered anymore. The days of the GM/Ford/Chrysler pensions are gone...

I approve of your avatar

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.