Excuse us, we're just going to go over here and have a small panic attack...
In a world where the middle class has essentially stopped existing, and people are either just rich enough to be able to barely afford a mortgage, or just poor enough to essentially be renting forever - if ONLY we were all able to stop buying guacamole long enough to buy a house, right?? - this new report has only struck further terror into the hearts of young people.
As per
Marketwatch, retirement experts claim that by the age of 35, you should have DOUBLE your annual salary saved already.
Is anyone else having trouble breathing?
The Boston-based investment firm Fidelity Investments released their findings back in January, but the general public only picked up on it this week. The firm said:
"By 30, you should have a decent chunk of change saved for your future self — in fact, ideally your account would look like a year’s worth of salary [...] so if you make $50,000 a year, you’d have $50,000 saved already. By 35, you should have twice your salary."
Seriously... is there even air in this room? I can't breathe.
Thankfully, it seems like we aren't alone in this boat, as the world seemed to have a collective stress-induced migraine to the report, too:
https://twitter.com/Jeaniene_Frost/status/996385086458224640
https://twitter.com/EricaFails/status/996414416420818944
https://twitter.com/AnnaGHughes/status/996271799930253312
https://twitter.com/meakoopa/status/996203342689980416
https://twitter.com/EscoBlades/status/996413478629003264
