Survey Finds 46% Of Middle-Class Workers Are Halting Or Cutting Their Retirement Contributions Due To Relentless Rise In Cost Of Living

[50kWidowmaker]

Survey Finds 46% Of Middle-Class Workers Are Halting Or Cutting Their Retirement Contributions Due To Relentless Rise In Cost Of Living

Being a middle-class worker in America is tough, especially when planning for retirement. With inflation eating away at every dollar, nearly half middle-income earners are finding themselves in a bind, cutting back or even stopping their retirement contributions altogether. A recent Primerica...

finance.yahoo.com

 

[Chishawk1425]

2020 couldn't have been handled worse.

 

[bhawk24bob]

You can make it through high school, undergrad, grad school, professional school, etc. without ever having to take a course on personal finance or the tax code. Heck, math is a foreign language to most now. The outcome of shorting or neglecting to make retirement contributions is inevitable when the alternative is cutting vacations or cable.

 

[RollingBallofButcherKnives]

I upped my contribution.

 

[lucas80]

Survey Finds 46% Of Middle-Class Workers Are Halting Or Cutting Their Retirement Contributions Due To Relentless Rise In Cost Of Living

Being a middle-class worker in America is tough, especially when planning for retirement. With inflation eating away at every dollar, nearly half middle-income earners are finding themselves in a bind, cutting back or even stopping their retirement contributions altogether. A recent Primerica...

finance.yahoo.com

What goods and services are you currently unable to afford?

 

[joelbc1]

Can’t people live within their means? In 1992 my bride and I purchased a $96k home in Iowa at a 8% mortgage rate. We were paying about $780/month PITI….with about 20% down.. That’s what we could afford. We remortgaged and remodeled a couple of times but always kept out “monthlies” reasonable…Just remember your basic public school math skills and use REAL numbers.
I answer this “SURVEY” with the same answer I heard folks give bankrupt farmers of the mid-‘80’s who were losing their farms at sheriff’s auctions…..”they are just poor managers”….

 

[joelbc1]

Can’t people live within their means? In 1992 my bride and I purchased a $96k home in Iowa at a 8% mortgage rate. We were paying about $780/month PITI….with about 20% down.. That’s what we could afford. We remortgaged and remodeled a couple of times but always kept out “monthlies” reasonable…Just remember your basic public school math skills and use REAL numbers.
I answer this “SURVEY” with the same answer I heard folks give bankrupt farmers of the mid-‘80’s who were losing their farms at sheriff’s auctions…..”they are just poor managers”….

 

[TennNole17]

What goods and services are you currently unable to afford?

Anecdotal

- trips for the kids snacks is now a full ass grocery bill. Juice, chips, snacks, etc used to run me what I considered a negligible amount. Now it’s about $100 bucks, I look at what I brought home and sigh.
- gas. I know this is a token talking point, but I’m gassing up three vehicles, and it just feels more
- car repairs. I don’t know if this is function of “parts” being more, or the labor. Either way, it’s gone up imo
- services cost more now- my trash pickup went up, my property taxes went up, my lawn service went up

All this is anectodol, I’m not smert enough to assume a president impacted it

 

[CLUB215]

Anecdotal

- trips for the kids snacks is now a full ass grocery bill. Juice, chips, snacks, etc used to run me what I considered a negligible amount. Now it’s about $100 bucks, I look at what I brought home and sigh.
- gas. I know this is a token talking point, but I’m gassing up three vehicles, and it just feels more
- car repairs. I don’t know if this is function of “parts” being more, or the labor. Either way, it’s gone up imo
- services cost more now- my trash pickup went up, my property taxes went up, my lawn service went up

All this is anectodol, I’m not smert enough to assume a president impacted it

You owe three cars and have someone mow you lawn and complain about not having enough money. LOL

 

[joelbc1]

You owe three cars and have someone mow you lawn and complain about not having enough money. LOL

I at least had the good sense to wait until Uncle Donald sent me my free $$$ to buy my (expensive) PXG golf clubs….,
My momma didn’t raise no fool!