3 ms·
The average/median salary for millenials is between $25-40k (the statistics I see vary significantly). I imagine that this article is basically a proxy for the
by eximius 8y ago
The average/median salary for millenials is between $25-40k (the statistics I see vary significantly). I imagine that this article is basically a proxy for the poor wages millenials typically have.
I'm a young millenial in a low cost city in Texas with a retirement account balance over the average by quite a bit. If you have the money to max your accounts every year, its very easy. And I've already bought and sold a house while I maxed out my accounts.
- gnicholas 8y agoIt's interesting to see how folks can live in other areas. Because retirement accounts have so many restrictions, people who anticipate spending $1M-$2M on a house in the next 10 years pretty much ignore them. Of course, these homes (at least ones near Palo Alto) are themselves a good investment, and carry tax benefits similar to (but smaller than) retirement accounts. Hearing the stories here makes me want to leave!