No, people are too lazy. Making $25k a year, and saving 15% ($3,750) over 45 years at 7% return is $1M.
You also don’t need a 401k. You can do a traditional or Roth IRA.
You also don’t need a 401k. You can do a traditional or Roth IRA.
Have you tried raising a family on $21,000 a year, even in a low-cost area? (not to mention an urban area, where such earnings are quite common)
Lazy? Wow.
No I have not. No one should even start a family on $21k. Again, poor choices if they do. I’m tired of the mentality of victim hood.