> Something most people don't seem to understand... to retire comfortably (in the US at least) you need to consistently save some percentage of your income all of your life, or a significant portion of your income most of your life.
The reason most people don't understand this is because retirement has historically been a pipe dream for 99% of the population. You worked until you were no longer able to get up physically (from illness or general deterioration).
Nowadays people don't just want to retire, but retire "comfortably", whatever that means. Presumably living in your paid off suburban home, while travelling and owning multiple cars? It's not sustainable and will revert back to the mean, unfortunately.
The reason most people don't understand this is because retirement has historically been a pipe dream for 99% of the population. You worked until you were no longer able to get up physically (from illness or general deterioration).
Nowadays people don't just want to retire, but retire "comfortably", whatever that means. Presumably living in your paid off suburban home, while travelling and owning multiple cars? It's not sustainable and will revert back to the mean, unfortunately.