…so says a new report by the AARP. In a survey of folks ages 19-39, the majority of them didn’t seem to be worried about credit card debt, or the fact that they weren’t saving enough for retirement.
I’m glad that I surfed on to An English Major’s Money blog about two years ago. I don’t remember how I got there, but reading her blog and other PF blogs made me feel more confident about investing and saving. I was almost too ashamed to invest or save at that point, given that I had money tucked away already. But then I realized how I needed to start making that money work for me, and not to feel bad for doing so.
But most 20-somethings are dumb about these things. If they’re lucky, they’ve got an employee-sponsored 401k plan with match, and they contribute some of their earnings to that because their employer recommended it and salesman from mutual fund firms came and pitched the horrors of not being prepared for retirement in order to sell their high-fee funds. Unlucky and they’d be in credit card debt with no savings, no “emergency fund,” and definitely no retirement fund for the future.
I’m so grateful to the personal finance blogging community for getting me on the right track.