Canadians’ views on retirement are shifting dramatically, with the idea of retiring at age 65 being one of the early casualties. Read more.
As a millennial with a not-amazing but decent paying job, the notion of retirement at all is laughable. What incentive do people like me have to save, when inflation and cost of living are on the trajectory that they’re currently on? Putting money away at this point just means less money for groceries, rent, and enjoyable things. And in 5 years, that saved money will be worth less than it is today.
What incentive do people like me have to save, when inflation and cost of living are on the trajectory that they’re currently on? […] And in 5 years, that saved money will be worth less than it is today.
Saving shouldn’t mean hoarding money, it should mean investing. You should be able to find some cheap index funds out there that will help you beat inflation.
