I also heard this somewhere and it makes sense to me. When boomers were younger the necessities were “cheap” and the extras were expensive. Like if you needed a new car you could find one that was affordable based on your income but if you wanted a TV that’d be really expensive proportionally speaking. Now it’s almost been reversed where these extras have come down in price significantly in proportion to income while the necessities have climbed

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Fun fact, an $8 coffee 5 days a week invested into a roth IRA will net you around $400k by age 65

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