I'm 35 and for the most part like many software engineers relatively well off so I'm probably myopic of the full situation but here is what I have noticed differently among peers 5 to 10 years younger than me (that are often developers as well)..... they don't seem to mind not having wealth.
When I was college as an intern I opened a Roth IRA and put my earnings into it (I was fortunate to go a relatively cost effective school). I was absolutely afraid I was going to retire with no money.
When I got out of college my first goal was to buy a two family or something I could rent and live in. Which I eventually did waiting for the market to tank. I negotiated for raises or position title changes as often as I could. I absolutely was completely focused on provincially building wealth... people of similar age to me were equally concerned.
I can't say the same for folks 5-10 years younger (I'm not saying there aren't wealth focused millennials.. I just haven't met many yet). For example one individual I know went to Europe out of college used some parents money for as long as possible and then eventually came back home (the thought of asking my parents for money makes me uncomfortable).
I somewhat admire the guts it takes to not worry about the future like that and live life (and this is coming from someone who left a job and started a company).
When I was college as an intern I opened a Roth IRA and put my earnings into it (I was fortunate to go a relatively cost effective school). I was absolutely afraid I was going to retire with no money.
When I got out of college my first goal was to buy a two family or something I could rent and live in. Which I eventually did waiting for the market to tank. I negotiated for raises or position title changes as often as I could. I absolutely was completely focused on provincially building wealth... people of similar age to me were equally concerned.
I can't say the same for folks 5-10 years younger (I'm not saying there aren't wealth focused millennials.. I just haven't met many yet). For example one individual I know went to Europe out of college used some parents money for as long as possible and then eventually came back home (the thought of asking my parents for money makes me uncomfortable).
I somewhat admire the guts it takes to not worry about the future like that and live life (and this is coming from someone who left a job and started a company).
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