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> Before the pandemic, she said, she was putting about $2,000 into her savings account each month. Now it’s half that amount. The rest goes toward a costlier ap
by octokatt 4y ago
> Before the pandemic, she said, she was putting about $2,000 into her savings account each month. Now it’s half that amount. The rest goes toward a costlier apartment ($600 more in monthly rent), evenings out with friends and small indulgences she would have denied herself before.
> She’s not alone. A recent study by Fidelity Investments found that 45 percent of people aged 18 to 35 “don’t see a point in saving until things return to normal.” In that same age group, 55 percent said they have put retirement planning on hold.
This seems to be the crux of the article. Frankly, given the market is volatile and the sun is shining...
Why the hell would someone in their 20's or early 30's decide to buy stock instead of seeing their friends? Investing in getting experiences they haven't gotten to have for the past few years?
I get "buy at the dip" mentality. But right now, people are buying into the dip of social encounters.