Then it’s not disposable income
Gen Z is putting more disposable income toward debts than other Americans because of higher borrowing costs, slowing wage growth, student loans and more. Experts worry could it derail their intentions to buy homes and save for retirement.
Young adults are struggling to keep up their credit scores and paying an increasing amount of disposable income servicing their debts.
It’s amazing when the media doesn’t understand how income works. Disposable income is excess income after liabilities. 🙄🤦♂️
"Disposable income" in the USA is such a warped statistic. It's "higher" in the USA than other rich countries because our income tax rate is relatively low.... but we're forced to pay for a bunch of things that people in other countries just pay more in taxes to receive.
Abide by the 50-30-20 budgeting rule with every paycheck and you can't go wrong. 50% toward the things you need 30% toward the things you want 20% toward savings and investments
Paying debt is one of life's sweet little luxuries.
Like, literally the definition of not disposable income
jesus I'm an early millennial and my retirement plan is "ehh they'll probably have boiled the planet by then anyway"
THANK YOU!!!!
Aggh I thought I had the NYT muted, thanks for the reminder
do newspaper hire anyone born after 1975 to write op-eds?