• sgtgig@lemmy.world
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    7 months ago

    $1,000/mo in savings is pretty difficult for most people.

    $300/mo, invested earning 8% for 40 years, does get to a million though (10% rate of return + 2% interest safe assumption.) This is as $60k/yr job, contributing 3% to a 401k with an employer match, not something that’s particularly rare.

    I know prices are high and people are hurting… but there’s a lot of people who are just not really trying.