Lucky for me my parents were both “I didn’t save anything for retirement, my kids will take care of me when I’m older”, so I don’t have to suffer through this.
Lucky for me my parents were both “I didn’t save anything for retirement, my kids will take care of me when I’m older”, so I don’t have to suffer through this.
So much this. In my country my parents generation could afford buying a house on two middle class incomes when they were end of 20s early 30s. In my generation that is only possible with generational wealth.
I will never be able to own a home because the cost of a down payment goes up with the market, while my saved money’s value stays constant (goes down with inflation). It is literally impossible for me to save it fast enough, even if I saved $1000, which is half of what I pay in rent, per month.