My in-laws, who lived 2/3rds of their lives under communism, have already retired simply because they spent less than they made (of their paltry incomes) and invested it conservatively. Meanwhile, my own parents who have had solid upper middle incomes in the US, always lived above their means, have an oversized new house and financed cars, don't even have $10k in the bank.
My in-laws, who lived 2/3rds of their lives under communism, have already retired simply because they spent less than they made (of their paltry incomes) and invested it conservatively. Meanwhile, my own parents who have had solid upper middle incomes in the US, always lived above their means, have an oversized new house and financed cars, don't even have $10k in the bank.