crimsonpoodle@pawb.social to A Boring Dystopia@lemmy.world · 3 days agoBorn into crisis, gen Z is saving for retirement like no other generationwww.theguardian.comexternal-linkmessage-square25fedilinkarrow-up145arrow-down11
arrow-up144arrow-down1external-linkBorn into crisis, gen Z is saving for retirement like no other generationwww.theguardian.comcrimsonpoodle@pawb.social to A Boring Dystopia@lemmy.world · 3 days agomessage-square25fedilink
minus-squareEndlessNightmare@reddthat.comlinkfedilinkarrow-up2arrow-down1·3 days 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.