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Posts tagged savings rate
The Non-Retirement Generation
295 months ago
A few days ago I was discussing the economy with an office mate, and he said something interesting:
Did you know that we are the first generation that won’t ever retire?
After I finished laughing, I dug in an asked him why he believed this. As he explained his opinion (which was sourced by NPR), what he said saddened me. How he said it also saddened me. He spoke as a victim to a system that was using him as a slave, a system that will use him for his entire life and throw him out when he is no longer of use. Sadly, he’s right (sort of). And I just wanted to scream: It doesn’t have to be this way!
Here’s a few facts about my friend:
- He drives a truck that gets 20 miles per gallon. Worse, he commutes 50 miles to work each way.
- He More >
