I'm 40 and I feel every bit of this. π
this post was submitted on 09 Feb 2024
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That's cause this is a 10 year old post and things have not improved since then.
35-45, such a weird fucking age.
Yuuuuuuuuup same here. #feelsoldman
I'm 39 for a few more months and was hoping a complete transformation happened day one of being forty. Guess not.
the 25-35 year olds have $5000?? that's better than I expected
That was the hyperbole part of the post
Uh im 45 and this tracks. Guess we're 31 different flavors of fucked
Yeah why in the FUCK do people keep insisting Gen x has more than 5k in retirement. We don't. I don't. Don't really know anyone who does.
I'm also seeing a shitton of homeless boomers. Maybe the youngins' rage ought to be pointed at the 1%, irrespective of an age demographic.
I mean, don't get us wrong. We are WAAAAAAY pissed off at the 1% shitlords... but we are also WAAAAAAAAY pissed off at the people that just let shit get this bad just in time for us to enter the "real world." Ya'll watched this happen and, for the most part, did nothing to stop/fix it. Some of you even elected shitheads that accelerated the issues, all while telling us, "No child left behind," "You can do ANYTHING you want!" "Work hard, and you will be ok! You'll have a house and a car or two, and be able to retire! Just work hard!" "Going into the military is all honor! You're helping/protecting your country!" Yeah, no, the military in many countries is only interested in protecting foreign investments. I respect anyone willing to go to war to save their people. But fuck the government(s) that lie and then send young men and women off to die for fucking oil. "The government has your best interests at heart!" Riiiiight is that why they are trying to make it so that if a young woman gets fucking raped and has a nonviable pregnancy come of it, her only choices are risk near certain death or become a felon? Sure. Naw. Ya'll coulda stopped this train before it was going supersonic, but you didn't. THAT is why we are so FUCKING pissed off at the generations before us.
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Same but 42.
And for your information it's $5,796.41
I have some AMC shares. To the moooooooooooo-
I have some GME laying around somewhere. Are we still mortal enemies?
No bro. Apes together strong
cries in dumbass
I love the rocket mortgage ad telling you that you should refinance your house in order to afford groceries.
Must be really old, as Gen X I wouldn't dare tell you to refi with these rates. it's not 2017 anymore. I couldn't afford a house if I had to buy one now.
Im feeling very called out rn
At 24 I can't afford rent within an hour drive of my workplace. Average rent is $2700/mo (distribution is bimodal really, $2500ish and $3000ish). I could barely afford that if I was making twice what I do now
I pay $800. Even if I move for a $10k raise, I'll lose more than that paying rent somewhere where there are jobs.
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Damn, I wish I had $5k at 22 years old.
I'm 34 with a full time paying job while my wife has 2 jobs. We don't even have 1k between checking and savings after all the bills have been paid. We're one broken bone or ER trip away from a disaster. No need to worry though. I've heard the economy is doing FANTASTIC.
No they are the 25-35 year old with 5k
Oh my bad. I misread it.
If your tasty casserole is similar to the boomer macaroni, that's a you problem. Learn to cook better.
Similarly if your savings account is netting you cents a year. Learn to invest. 5000 is an ok start if you're still young.
Edit: Like the comment below says, I'm not saying it's easy. It's not meant as an insult but as advice.
I didn't open an account myself until actually relatively recently and I'm in my 40s now. I come from a working class background. No one in my family ever invested and it never occurred to me that it was an option. I wish I'd started 10 or 20 years ago.
Common consumer savings accounts at major banks like Wells Fargo are useless and pathetic compared to what they were. You could get almost 8% in the 1980s. It's in the decimals for the vast majority of consumer accounts at the balances 95% of the people have. 0.25% isn't uncommon, and neither is 0.01%.
You might be able to get ~5% on a high yield savings account if you can find one that doesn't have too many restrictions. A decent CMA at a brokerage will probably get somewhere between 2-5%, and many of them operate just like regular checking with debit carts and the like.
Sure, the Big Banks are convenient with ATMs everywhere and all that, but thanks to the vast majority of transactions being electronic, that convenience matters less and less every day.
E: people are sharing banks they know of with good rates, check them out or your local credit union. Stay away from Big Consumer Banking. Their rates are junk.
Interest rates for savings are heading back up. There's two separate credit unions near me with 5% interest on checking accounts and a couple online banks offering a 2-3% on savings with little requirements. CDs still suck though, some have rates in the 5%+ range, but generally require 20-50k minimum balance, which is absurd.
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I don't know why you were downvoted, it's true. This isn't like a bootstraps judgement thing, this is just good advice- high yield savings accounts now are like 4% interest, so that's $200 / yr on that $5k.
When i got my first job, there was this older guy, Brad. older than the rest of us shithead teens i mean, like 25. He was pretty cool, but he had braces, which was unusual for someone his age.
The cinema we cleaned was in a fancier part of town. Brad and i were actually the only couple of dudes from the other side of the tracks. Not poor, right? But not fancy.
Anyway one day one of the other kids we worked with, a fancy chick called Kelly asked him
how come he had braces so late in life?
well, my family couldn't afford it.
Haha silly, wdym?
she said. continued
That's what insurance is for!
Depends on how much you need to draw into that 5k. Liquidity is pretty important too, and you don't want to have to worry about short sales.
I mean yeah but if you need it for your day to day it's not really savings. It's tough out there no doubt of course.
Life has no meaning, just do your best to enjoy it
This isn't about "finding meaning in life", it's about dealing with a crap hand that was dealt before we even sat at the table. Yes, the ideal approach is to make the best of it, but every step of even doing that is made harder every year and that sucks.
Don't fight for a better tomorrow. Just keep your head down and hope to come out the other side in decent enough shape to die.
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Haha. Ow. ΚβΏΚ
Every holiday at home feels like thisβ¦.
25 year olds aren't millennials
Considering this post is like 7 years old, yes they where.
GenX here. Yeah I remember that phase. Too old to be a kid. Too young to have any authority. The only 5K I had was on credit. But it gets easier.
And to any other fellas with $5K in the 12cent account. Please take the time to move that to a HYSA. You can get like 5% a year these days.
Wish I knew that earlier π«
spoiler, the insecurities extend well into your forties
smiling incomprehensibly
how can no one comprehend my smile?
I read this in Jason Alexander's voice
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