> Twice the poverty level sounds pretty comfortable to me. Living on 75% of that in LA right now.
Which is substantially easier in your 20s and 30s than in your 50s and 60s.
Which is substantially easier in your 20s and 30s than in your 50s and 60s.
Huh? In your 20s and 30s you’re paying to build your pension, paying for your mortgage, paying for your kids, paying for your student debts.
In your 50s and 60s you’re paying for none of that. What are you paying for at all?
It's pretty likely you aren't doing much retirement savings or paying for a mortgage on an income below double the poverty level at any age.