15 Reasons why Our Generation Can’t Retire

Today we’re talking about something your parents and grandparents have probably always taken for granted. The idea that you work until you’re in your 60s.

Thanks to our friends at Audible!
Disclaimer: signing up for Audible will result in financial compensation towards Alux Inc at no additional cost to you, the consumer.

Will Millennials ever be able to retire?
Why are Millennials not saving for retirement?
How much do Millennials need to retire?
Which generation is retiring now?
Why our generation won't be able to retire?
What are 15 Reasons why Our Generation Can’t Retire?
What age will Millennials retire?
Will Millennials have retirement?
Why Millennials will never retire?
Will the Millennial Generation ever be able to retire?
How has the great recession affected the future of millennials’ retirement?

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00:00 - Intro
01:16 - Life expectancy is going up
02:05 - Fertility rates are going down
02:56 - Pensions systems around the world will collapse.
03:33 - Sky-rocketing cost of living
04:21 - Millennials have less invested than older generations.
05:35 - College debt.
06:45 - Short-term planning of governments.
07:42 - The fall-out from the 2008 financial crisis.
08:14 - The pandemic just made it even worse.
08:45 - Mismanagement of retirement funds.
09:15 - Wage stagnation.
09:55 - Medical care is getting harder and harder to cover.
10:25 - Governments are raising the age of retirement.
10:56 - Millennials and Gen Z-ers are less likely to own a home.
11:46 - Higher expectations from life.
13:09 - Question
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#alux #money #retirement

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[alux]

Hello Aluxers, ! How do you think you’ll face this challenge?

Disclaimer: signing up for Audible will result in financial compensation towards Alux Inc at no additional cost to you, the consumer.

[MatthewCoast]

If you're a future billionaire (like this channel frames you as), you probably don't need to worry about this.

[marcoseesmarcoshares]

Here’s how you’re gonna retire - *live on less than you make* - plain and simple

[AndreyZenperial]

I believe the biggest reason why the vast majority of our generation suffer financially and emotionally is because so many people live in the past (depressed), so many people live in the future (anxious) and only a small fraction of us is at true peace, living Now and in the moment. What do you think Alux?

[terrenceseidman]

I’m 44 and have nothing for retirement but that’s on me. I got 20 years to make a change but need to start now.

[ronaldlaufer]

In 1964 we were told we would have to work to 75 until we could retire.
Retirement is not the goal.
Life is too short to work at a job you hate. Find your passion and choose life.
The rest will take care of itself.

[Shazistic]

Random fact

In 2005, Mark Zuckerberg unsuccessfully tried to sell Facebook for $75 million. Back then it was called The Facebook.

-The Shades

[nukezat]

Soo a channel about luxury is telling my generation is doomed to slavery! Now that's inspiring

[anandvaidya]

There are a few solutions:
- Move from big cities to small towns where expenses are a lot lower
- All through your life, take good, very good care of your health. Which will mean almost zero medical expenses in old age (Don't say this is impossible, I have see people in 70's 80's hale and hearty)
- Cut down on modern unnecessary gizmos, luxury brands etc Live a simple, meaninigful life
- Passive income, smart investing etc
- Last, don't (aspire to) live into very old age...being a burden on society, family and friends... Exit the game at the top.

[Manuel-guls]

I’ll make sure my parents will retire by given back all the financial support they gave that helped through college I swear it 🙅‍♂️

[TheIcelandicInvestor]

That's why you have to set up your own retirement fund through real estate and stocks 😎

[jblack]

I bought a duplex to live in one unit and rent out the other. The rent goes a long way to help pay the mortgage, leaving me with more for investments. It will be paid off by retirement age. It will be a nice supplement to my retirement getting rent every month. It helps to be a jack of all trades, doing all the repairs myself. Last year I put a new roof on myself. I did have to buy a lot of pizza for my friends to help 😄, but I saved a ton of money!

[DDoubleDrew]

One of many plans is to build a self sufficient, off grid home for my retirement. That way I own the land and the home, have minimal costs for utilities, and can continue working into my old age with growing my own food as the hobby.
One way to retire is to save and invest, but another way that people don't think about is lowering your cost of living as well.

[weareorigin]

Short story: my friend's dad had no high school diploma. He got a job at a car manufacturer though. He retired as a manager, who bought a $700, 000 home. His son has a college degree and makes $20, 000 yearly salary.

[kelvinchang]

I see many business opportunities in these 15 reasons! Thanks Alux!!!

[naseemnich]

'15 best tax savers in businesses ' would be a good topic for next video

[thetriumphanthustler]

"When you want to succeed as bad as you want to breathe, then you'll be successful" -Eric Thomas

[fydyorw]

I'll advice everyone to invest in stuffs like penny stocks and cryptos. It can generate short term profits for you. This ain't stopping anytime soon, just the beginning of the great recession

[SY-spuo]

Star a business - leverage it with social media - invest in the stock market - invest in real estate. Live.

[walterherrera]

Here’s the solution to this problem. Read the following books:

1) Rich dad, Poor Dad - Robert Kiyosaki
2) The Millionaire Fast lane - MJ deMarco
3) The Side Hustle Bible - James Altucher

Bonus: If you can find it-

laissez-faire’ s Big book of free - laissez-faire Contributors