crimsonpoodle@pawb.social to A Boring Dystopia@lemmy.world · 1 month agoBorn into crisis, gen Z is saving for retirement like no other generationwww.theguardian.comexternal-linkmessage-square25linkfedilinkarrow-up1163arrow-down12
arrow-up1161arrow-down1external-linkBorn into crisis, gen Z is saving for retirement like no other generationwww.theguardian.comcrimsonpoodle@pawb.social to A Boring Dystopia@lemmy.world · 1 month agomessage-square25linkfedilink
minus-squareEndlessNightmare@reddthat.comlinkfedilinkarrow-up16arrow-down1·1 month agoSaving more money has a double-effect: obviously the money that you are actually saving. But it also means that you are reducing your spending. Going from saving 10% of your income to saving 20% of your income means that your spend/save ratio goes from 9:1 down to 4:1.
Saving more money has a double-effect: obviously the money that you are actually saving. But it also means that you are reducing your spending.
Going from saving 10% of your income to saving 20% of your income means that your spend/save ratio goes from 9:1 down to 4:1.