It has long been a rule of thumb to have $1 million saved for a comfortable retirement; but, thanks to inflation, the youngest generation of workers likely will need three times as much. According to...
Reminder that inflation isn't a phenomenon that's beyond our understanding or ability to control. Inflation is the result of business owners choosing to raise prices in order to increase their rate of profit. That's all it is.
Not that I disagree with you at all, but we all want raises every year too. For you to get paid more you either need to take a higher level job or get a raise.
If course, inflation has exceed wage growth for a long time, but it's not quite as simple as business owners just raising prices.
You're thinking about this from an individualistic perspective, but the problem is systemic. As long as somebody has to do thejobb that means somebody is getting fucked. If majority of jobs aren't paying enough then most people are being screwed.
And yes it is literally as simple as business owners choosing to raise prices while keeping wages down.
If we continued to do the same job, and the cost of living remained the same, most people wouldn't think much of it. The problem still comes back to the business owners -- they expect you to do more for the same pay, including firing someone and expecting you to also do that second job on top of your regular work for the same paycheck. Then when people demand a raise the business owner justifies raising their costs under the umbrella of "people just don't want to work any more" when the reality is that what changed is the huge increase in how much that business owner is taking home themselves while delegating their own job to underlings.
Bold of this article to think the fundamentals of the economy will survive the coming climate apocalypse. Where the hell can I invest my money in growth when everything is either burning or flooding. Coffins?!?