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Gen Z are over having their work ethic questioned: ‘Most boomers don’t know what it’s like to work 40+ hours a week and still not be able to afford a house’ (fortune.com)

submitted 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 1 month ago* (last edited 1 month ago)

it takes substantial money to accumulate wealth.

Yeah, this is huge.

Right now you need a half mil cash invested and stable investments to start seeing a measurable return. A mil before you might think investing is worth it. Two mil and retirement might be something you could realistically consider and have a life. 3 and now you can have a real retirement.* This doesn’t include a CoL increase starting now until when you retire, $3 mil today will get you $150k before taxes and any major expenses like mortgage or medical. In 20 years who knows, it might take 5 mil to retire if everything hasn’t turned into a shitshow otherwise.

(*With a conservative 5% estimate on return and not touching the principal).