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