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I am a Gen X. My grandmother, who was born in 1906 and passed on in 1994, worked at home, cooked, cleaned for most of her life. He had 3-4 dresses in her closet

I am a Gen X. My grandmother, who was born in 1906 and passed on in 1994, worked at home, cooked, cleaned for most of her life. He had 3-4 dresses in her closet, and whenever I visited she gave some money to go buy a small bottle of Sprite for lunch. My parents define their retirement as cruises, traveling, etc. My mother has 3 closets full of clothes, the latest iPhone and iPad to check Facebook… Both generations worked very hard, and I don’t want to criticize them. I keep telling my father and mother that they should burn and enjoy all their money while they can. My point is not to criticize a generation, but to try to contextualize that a comfortable wealthy retirement is relatively new in our social concept, and so far it seems more as a one-off trick that only baby boomers pulled after the huge economic growth post 70s, than a sustainable economic pattern.

Danox 1mo ago
Young people have to get out of that mentality you have to start saving and living within your means early when you’re young you have time it’s amazing if you put a little bit away every month and stay at it how much it adds up over time but that will never happen if you never make the commitment to do it, and most people do not they always put it off until tomorrow and then one day they look up and they’re 59 years old. One thing young people in the west (most of the world stays home until they are married) can do is stay home pay your parents some rent save the balance that you would be paying. If you were living away from home don’t leave until you get married but during that time you have to save of course this assumes that you have good parents and a good home life, when you have youth on your side, and you have a good job, the possibilities of are endless when you are young if you have the discipline to save and invest.

Danox 1mo ago

Young people have to get out of that mentality you have to start saving and living within your means early when you’re young you have time it’s amazing if you put a little bit away every month and stay at it how much it adds up over time but that will never happen if you never make the commitment to do it, and most people do not they always put it off until tomorrow and then one day they look up and they’re 59 years old. One thing young people in the west (most of the world stays home until they are married) can do is stay home pay your parents some rent save the balance that you would be paying. If you were living away from home don’t leave until you get married but during that time you have to save of course this assumes that you have good parents and a good home life, when you have youth on your side, and you have a good job, the possibilities of are endless when you are young if you have the discipline to save and invest.