The Super Savers?

Jolly

But...I admire them for saving, but what about some of the more costly milestones of life? Getting married? Children? Buying that first home?

LuFins Dad

@Jolly said in The Super Savers?:

But...I admire them for saving, but what about some of the more costly milestones of life? Getting married?

They aren’t.

Children?

Nope.

Buying that first home?

Not happening.

89th

Very smart, I was always told to max out my savings but I didn’t even know what an IRA was until my late 20s. I’m glad financial literacy is becoming more accessible via YouTube and prioritized in schools… I’ve started my kids early (they don’t even know yet).

What will be extra interesting is the overall wealth transfer from boomers to younger generations over the next decade or two.

Of course my kids will work, but it will be interesting to see if my savings, combined with their savings, eventually leads to generations that have so much transferred wealth that they don’t even need to work?

Mik

Nah. Inflation will take care of that.

Axtremus

And then there these other Gen-Zs:

https://www.nbcnewyork.com/news/business/money-report/gen-zs-are-spending-big-to-travel-this-summer-even-if-it-means-going-into-debt/5458941/

Using debt to finance summer trips
.
Still, 42% of Gen Zs and 47% of millennials say they plan to use debt to finance their summer trips, according to a survey by the financial services company Bankrate.

Doctor Phibes

@89th said in The Super Savers?:

Of course my kids will work, but it will be interesting to see if my savings, combined with their savings, eventually leads to generations that have so much transferred wealth that they don’t even need to work?

In a word, no.