Every 20-, 30- and 40-something is unique, same as every teenager and senior and that's why stage-of-life financial advice is so hard to give. Even so, it is possible to outline a savings horizon.
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The problem with sizing up how much savings a person should have at 20, 30 or 40 years old is that every 20-, 30- and 40-year-old is different, with different earning capacities, different.
Inflation is a word that fills many with dread. According to the Mercer Compensation Planning Survey, pay budgets will increase by 3.2% in 2022.. Evan Tarver, CEO of Selling Signals, says, "An inflation raise is a raise that adjusts your current salary for recent inflation.