My biggest regret in life was working hard for an employer who didn't care for me. I now work in public sector and know that I am making the world a better place, and that pleases me. I got out of the rat race and now have some level of comfort.
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I'm glad to hear that you're doing better. I've found that public sector can be more stressful in some domains, because of how overstretched services are nowadays, but like you say, at least you're striving for more than just lining someone else's pocket
I am also in a good position--I work in higher education, so not quite the same as state or local government, which has different challenges.
Just make sure to save enough for retirement as well as bare minimum bills. No need to hand millions in retirement but something will go a long way.
I'll be sure to pay into my retirement fund from my nothing left surplus; or dip into my avocado toast and rent fund after that. :-D
Simple, just multiply nothing by 15% and put that away for safe keeping! Multiply by 7% every year and you will really have something!
I think millennials and zoomer are just being open and honest about things that always happened. We love labels and with the Internet talks with other like-minded people. There have always been people who worked 9 to 5 at a job and prioritized stability over money. We are being open and bragging about it. We just want to break the hustle culture that was always a loud subset
For example my dad a peak boomer worked at the same company for his whole career and turned down "promotions" that gave a manager title with little more money. They have always been there
I think millennials and zoomer are just being open and honest about things that always happened.
This is partially true, but things are actually worse than they used to be in some ways and better in others. I think that, more than anything, the conditions have accelerated a bit more.
I was born in 1976. I remember managers being completely toxic assholes--that was just how it was. But, when I was a kid, there were still pensions--you worked 40 years for a company and they took care of you. I think that both of these things are gone--managers can't really get away with being as cruel as they used to, though I know that's out there. Also employees don't expect a graceful exit at the end of their career.
Millennials and gen z know things are worse, and that's why we don't feel like it's worth it to give everything to a company. We don't have to pretend because we know the employers know things are bad.
The problem is, you used to be able to comfortably live that life. Now if you stay at the same company, your wages won't increase at a rate to sustain your life style. Companies care way more about acquiring talent than retaining talent, so you need to move around to make enough money
I know. But that was the equivalent of jumping every few years to a similar but slightly paying more role. Not grinding to get the biggest promotion and title as possible.
At some point, you end up wanting some stability and the constant jumping gets old. Perhaps you finally hit a target salary that makes you go "well I guess that's enough".
You can get stability through community and friendship. The idea that you need a big salary makes sense because of how we have been raised, to live independently in little units, and it's scary to switch to a less independent life, but it is possible.
Except that you wont get eaises to that salary to maintain your current atandard of living. Getting a 2% annual raise with 4% annual inflation is an annual pay cut. They only way to maintain the current standard is to get a new job every few years, or just quit playing the game.
Yes, but are you really going to dedicate 40 years of your life to having 20 jobs? At some point, you'll have to give that up.