Again- how many 20-year-olds have $300 a month to invest? How many middle class people in 2023 have 10% of their income to spare? It may be a good target. That doesn’t make it achievable when 62% of Americans are living paycheck-to-paycheck. They don’t have 10%. They don’t have 1%.
As far as any spare income I have? It goes to paying down medical debt.
Yeah it’s unlikely. Saving 1-10% assumes you’re making a livable amount of money with a bit extra, versus living paycheck to paycheck even after cutting all but the most vital expenses. (Ed- and not in significant debt)
Things were a lot different when I was in my 20s compared to now. A single job at an hourly wage used to actually be almost doable.
Again- how many 20-year-olds have $300 a month to invest? How many middle class people in 2023 have 10% of their income to spare? It may be a good target. That doesn’t make it achievable when 62% of Americans are living paycheck-to-paycheck. They don’t have 10%. They don’t have 1%.
As far as any spare income I have? It goes to paying down medical debt.
Yeah it’s unlikely. Saving 1-10% assumes you’re making a livable amount of money with a bit extra, versus living paycheck to paycheck even after cutting all but the most vital expenses. (Ed- and not in significant debt)
Things were a lot different when I was in my 20s compared to now. A single job at an hourly wage used to actually be almost doable.