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deconstruct OP , 10 months ago to Personal Finance in Baby Boomers Are Overestimating Future Social Security Income

Does the archive.ph link also have ads? I use a blocker so I don’t see any.

deconstruct , 10 months ago to Personal Finance in Anyone interested in moderating this community?

I could help out with moderation, but I don’t know enough about Lemmy to be a head mod.

I’m interested in PF and would like to see this community grow.

deconstruct , 10 months ago to Politics in Vivek Ramaswamy condemned for 9/11 and Jan 6 conspiracy theory remarks

He’s trying to out crazy Trump.

deconstruct , 10 months ago to Personal Finance in Do you use a credit card? Why or why not?

I use credit cards for almost all purchases.

As long as you pay it off completely monthly, even modest perks make it an easy choice.

deconstruct , 10 months ago to Personal Finance in How to curb unnecessary consumer impulses?

If you’re impulse buying crap online, I find keeping items in the shopping cart for a day or so gives me time to think before pulling the trigger. If it’s an emergency that’s one thing, but most of the time it can wait.

Also I find budgetting apps to be really helpful in curbing unnecessary spending.

deconstruct OP , 10 months ago to Personal Finance in 401(k) millionaires are on the rise after taking a hit last year. Boomers are leading the way

Gen Y (millenials) saw the second largest increase. Balances for millenials and Gen Z are much lower due to other expenses like student loans.

deconstruct OP , 10 months ago to Personal Finance in 401(k) millionaires are on the rise after taking a hit last year. Boomers are leading the way

It’s not just boomers.

Young savers have done especially well. Gen Z saw a 66% increase in average 401(k) balances compared to a year ago, while millennials saw a 24.5% increase. Average Gen X balances were up 14.5%, and baby boomers saw an average increase of 6.3% compared to a year ago.

Source from Fidelity (PDF)