Trending
Stocks
  • NFLX
    320.4 USD 9.01%
  • NVDA
    271.94 USD 2.73%
  • TSLA
    192.24 USD 0.56%
  • SP500
    3949.11 USD 0.3%
  • META
    204.3 USD 2.24%
  • MSFT
    277.69 USD 1.97%
  • BRKA
    452795.28 USD -0.64%
  • T
    18.46 USD 0.38%
  • ADBE
    369.04 USD 2.02%
  • MMM
    101.01 USD -0.53%
  • AMZN
    98.72 USD 0.01%
  • AAPL
    158.95 USD 0.7%

Why $1 million might not be enough for your retirement

It was established long ago that around $1 million should be sufficient for a retirement. That however does not seem to be the case anymore.

Whenย inflationย is at normal levels of around 2%, people can barely notice price changes. However, the last few years made it harder for everyone as food, services, fuel, and many other things got much more expensive. People may need more for their retirement than they think.

Gen Z and millennials, watch out

While the traditional savings benchmark for retirement has long been set at $1 million, the current inflation rate is causing alarm among members of Generation Z and millennials. Inflation, however, has caused the standard to increase up to $3 million.

Do you want to know more?

This article has a lot more to offer. Having an Investro registration allows you to read without any limitations. It's FREE and will only take few seconds.

Join us

Have you already registered? Sign in.

I got into financial markets by accident in 2012 and started with Forex trading. Later in 2017, I started investing in stocks in cryptocurrencies and began writing articles profess...

Comments

Post has no comment yet.

Want add your comment? Sign up or Sign in