YOUR SKILLS + KNOWLEDGE
ARE YOUR S U P E R P O W E R
The New York Fed's quarterly Household Debt and Credit Survey (HHDC) shows that total consumer debt stands at $17.987 trillion as of the first quarter of 2024. That's a record high.
Are you fed up?
Because I am...
We have been raised in a society that leads us into trajectory of financial dependency. Traditional education teaches us very little relevant life skills and puts the majority of us into significant student loan debt to only spit us out into a corporate system that encourages us to work for the majority of our years, exorbitantly taxing our paychecks, while telling us to cut back on spending our hard earned money on life experiences, to make sure we are saving enough for retirement, only live frugally for the last years of our lives, if we are lucky enough to not run out of our savings before then. This is why I am fed up.
ACCORDING TO Deloitte’s 2024 Gen Z and Millennial Survey: For the third year in a row, the cost of living is Gen Zs’ and millennials’ top concern. Roughly six in 10 Gen Zs (56%) and millennials (55%) live paycheck-to-paycheck—up five points for Gen Zs and 3 points for millennials since last year. And around three in 10 say they do not feel financially secure.
Northwestern Mutual found that millennials believe they will need $1.65 million to retire comfortably. To date, however, millennials have amassed only $62,600 in average retirement savings. That leaves a retirement “gap” of more than $1.5 million.
let's look at the data...