While most of these youngsters can see a problem, my guess is that only about ten percent of them can understand why it exists: it’s the inevitable outcome of an exponentially rising debt burden colliding with demographics.
A report by BMO published on Monday showed 73 per cent of millennials surveyed believe retirement planning will be more difficult than it was for their parents, followed by generation X at 67 per cent, generation Z at 61 per cent and boomers at 60 per cent.
Deferred gratification hasn’t been a thing for most people for most of my lifetime … so I’m not surprised.
In a related story … https://www.businessinsider.com/what-is-trump-account-eligibility-how-to-open-2026-1
Politicians just talk … Trump ACTS!
Go ahead and plan for retirement, but don’t forget that the government wants to kill you.
This is why I loathe online sports gambling. It’s addictive, and robs young adults of future wealth.
Your loathing is misdirected considering it’s governments that are mostly to blame for robbing young adults of future wealth, while also robbing all adults of current wealth.
Besides, gambling can be fun as long as you don’t get carried away.
I find retirement planning rather simple; save money for when you get old.
Hey, I’m 87 and it’s working for me.
The only problem is prices appear to have doubled in the last 5 years while incomes have gone up all of 10%. Canadians, retired or not, are suffering.
The idea that somebody could depend on everybody else’s children to support him in his “golden years” was sustainable, more or less, when that somebody was one of a few rich parasites and everybody else could still be counted on to bear and rear the next generation of wage- and debt-slaves.
Now? Everyone came to rely on everyone else’s children for support in old age at the same time that they stopped having children of their own.
Today’s young people, even if they could start “saving” pieces of paper promising a future free lunch today, could expect to have nothing to support them in their old age but worthless pieces of paper.
Dick, Dick, Dick … the extra mouths to feed can simply be MAIDed-away … problem solved! More for them.
Amazing how “National Debt” robs the next generations..
Who woulda thunk?
The rapid destruction of value we are experiencing right now,should demonstrate that government promises are always lies.
I regard myself as one lucky baby boomer, age 76, who retired at 55 when ‘Freedom 55’ was a thing. The first 10 years were great, money was plentiful, I went on trips and enjoyed life. However lately I stopped travelling all together and reduced my drinking and clubbing/restaurants quite a bit. My car is 9 years old but I decided not to replace it, will bum da wife’s car when the time comes. Too bad my company pension plan is not indexed for cost of living like the federal workers. That makes a big financial difference.