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How Successful Zoomers Plan To Retire In Their 30s [Yahoo! Finance]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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US:NASDAQ Investor Relations: abc.xyz/investor
"The data reveals that since 1984, the average graduate salary has fallen by 10.6% when adjusted for inflation," according to a study by Self Financial Inc. Unsurprisingly, the so-called FIRE lifestyle (Financial Independence, Retire Early) seems far-fetched to most. Despite that, a sizable chunk of Zoomers can realistically avoid working in their middle age if they make wise financial decisions today. Don't Miss: 82% of Americans aren't using this government secured 5% passive income stream , are you one of them? Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you Saving Money Matters Einstein's "eighth wonder of the world," also known as compound interest, is no news, but it's worth seeing its effect in action over the years. If a 20-year-old puts $10,000 in a savings account that yields 5% annually, they would have $70,000 by the time they turn 60. However, if they do the same at 30, they would only have $43,000 on the
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