this post was submitted on 06 Oct 2023
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FIRE (Financial Independence Retire Early)

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Welcome!

FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.

Flow Charts:

Personal Income Spending Flow Chart (US)

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More than one-third of millennials believe they won’t get a dime of Social Security when they retire, so they’re taking matters into their own hands (creditnews.com)
submitted 1 year ago by yenahmik@lemmy.world to c/fire@lemmy.ml
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cross-posted from: https://lemm.ee/post/10563312

Of all generational cohorts, older millennials are most likely to generate enough income to retire comfortably, according to the latest Vanguard Retirement Readiness report.

Specifically, millennials aged 37-41 have the greatest chance of landing a comfortable retirement.

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[–] Coasting0942@reddthat.com 10 points 1 year ago (1 children)

Don’t worry. The rich will pass tax increases for your savings withdrawals for bailout 2050.

[–] UBWare@lemmy.world 2 points 1 year ago

I would think those who are well off would be in favor of lower taxes though?