crimsonpoodle@pawb.social to A Boring Dystopia@lemmy.world · 9 days agoBorn into crisis, gen Z is saving for retirement like no other generationwww.theguardian.comexternal-linkmessage-square25linkfedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkBorn into crisis, gen Z is saving for retirement like no other generationwww.theguardian.comcrimsonpoodle@pawb.social to A Boring Dystopia@lemmy.world · 9 days agomessage-square25linkfedilink
minus-squareEndlessNightmare@reddthat.comlinkfedilinkarrow-up0·8 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.