Of all generational cohorts, older millennials are most likely to generate enough income to retire comfortably, according to the latest Vanguard Retirement Readiness report.

Specifically, millennials aged 37-41 have the greatest chance of landing a comfortable retirement.

  • PostMalort@lemmy.ml
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    1 year ago

    I’m always skeptical of poverty statistics because I believe the metric to meet poverty is wrong. For instance the bureau of statistics puts the poverty line at just under 15k annually. Please tell me how a person making 20k a year affords housing, food, and other basic necessities without government assistance.

    • kandoh@reddthat.com
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      1 year ago

      15k in North America is different than 15k in the Philippines or Botswana

      • PostMalort@lemmy.ml
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        1 year ago

        You’re correct but the bureau of statistics is American so that’s really where I’m talking about. However this data point doesn’t give a lot of faith that the statistic for other countries is accurate either.