alt Hacker News> Given rent, saving for house downpayment, student loan payments, auto loan payments, and possible childcare/healthcare costs, I don’t think we live in the same reality (based on income statistics).
These things all come after savings, not before. If you can't afford them using post-saving money, then you need to get a better job, or a cheaper living conditions. Easier said than done, I totally agree, especially nowadays. But that's the mentality you need to really take saving seriously.
They don’t want to hear it. They don’t understand because they haven’t hit middle aged with nothing. Experience is one hell of a teacher and I hope these young professionals realize what’s at stake. There’s no hand outs.