this post was submitted on 06 Oct 2023
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Of all generational cohorts, older millennials are most likely to generate enough income to retire comfortably, according to the latest Vanguard Retirement Readiness report.

Specifically, millennials aged 37-41 have the greatest chance of landing a comfortable retirement.

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[–] XbSuper 42 points 1 year ago (1 children)

Ya, I don't think so. As a 37 yo millennial, my retirement plan is to sell my parents house, live as long and comfortabley as I can off that, then eat a bullet. Actual retirement is not something I expect to be capable of.

[–] SCB 7 points 1 year ago* (last edited 1 year ago) (3 children)

Mine is to sell my home and move to Mexico once my children are out of school, work remotely for a US company, then retire at like 55.

Multiplying my retirement savings (and home equity) by 20 just by moving will go a long way.

[–] XbSuper 15 points 1 year ago (1 children)

You think Mexico will be liveable by then? I had considered something like that, but I think climate change is going to make those places unlivable within the next 20 yrs.

[–] SCB 5 points 1 year ago

That's most definitely on my mind. Really hoping so.

[–] Usul_00_ 1 points 1 year ago (1 children)

If you need to live at 5% of current costs, you'll need go further down the oecd country list than Mexico.

[–] SCB -2 points 1 year ago (1 children)

I don't need to. the USD currently exchanges with pesos at 18:1

[–] toofpic 1 points 1 year ago (1 children)

Do you think they just have the same prices for everything, but in pesos? I have some bad news for you...

[–] SCB -1 points 1 year ago* (last edited 1 year ago)

No. I have worked quite a lot in Mexico and am well aware of import prices, etc.