This Is Why Millennials Are Poised To Repeat Baby Boomer Retirement Mistakes
Does this sound familiar?
You’re on either side of your tenth-year reunion, yet you’re still hounded by onerous college debt. Your kids are tugging at whatever passes for apron strings these days. You want to buy a house but the money’s too tight. You see all your friends jetting off to “bucket-list” vacations while you can’t risk leaving work for even an extended weekend. And saving for retirement? You know that’s the smart thing to do but how can you afford to do it. You’re caught in the classic “life sucks and then you die” spiral of maddening descent.
Then along comes a comfortably dressed peer. She insists, “you can have it all.”
And why not?
She convinces you that you’ve pigeon-holed yourself into a paradigm of the past.“You’ve adopted the same lifestyle strategy as your parents. Things have changed. Big time. This is not your father’s retirement plan.” Worse, she then caps off her argument with this coup de grâce: “You can’t expecta 65-year-old to know what your life is like. Why listen to anything they tell you?”
Read more @Forbes
