[Serious] What should every young person do? (lemmy.world)

submitted 2 months ago by berryjam@lemmy.world to c/asklemmy@lemmy.world

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For the purpose of this question, the target age range is 20-30. Asking because I feel like I'm wasting my youth.

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[-] Fox@pawb.social 3 points 2 months ago

It might be plenty, depending on your emergency. But you never know when you might be asked to care for an ill family member, suffer a health setback yourself, or end up out of work in a soft labor market - which we are currently in. It's a risk based decision, but as price-to-earnings of potential investments is currently incredibly high (suggesting unrealistically high future return expectations), I would hedge on the side of more savings rather than earlier investment.

this post was submitted on 09 Sep 2024

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