A bit of financial advice almost broke Twitter on Tuesday.
MarketWatch, a financial website, published an article that said that an individual “should have twice your salary” saved for retirement by age 35, according to Fidelity Investments, a Boston-based investment firm.
The article also addresses how this expectation is unrealistic for many, citing that people who are now in their 30s “are plagued with crippling student debt,” that current “home prices are rising as are mortgage rates,” and that some millennials are saving for a wedding — and notes that “the average American wedding costs about $35,000.” But many Twitter users couldn’t see past “twice your salary” by 35.
do any of you know real people? just curious.
— Christopher Sebela (@xtop) May 14, 2018
I can’t be only one who reads this & thinks “Who are they TALKING to?” I didn’t have that much saved in my 30s. No one I knew had that much saved their 30s & most of us were solid middle class. Is this advice only for the rich? If so, maybe start w/”95% of Americans can ignore.” https://t.co/HlTQM5sYGx
— Jeaniene Frost (@Jeaniene_Frost) May 15, 2018
Aw man too bad I was on track for this and then emergency dental work took out more than half of my savings. And that was WITH insurance. One simple health event destroyed my life plan. Awesome society we got going here.
— keevaveek (@keevaveek) May 14, 2018
And then the jokes — which are equal parts funny and sad — started rolling in.
The snark soon sparked a hilarious meme:
I think you meant to say,
By 35 you should have debt twice your salary.
— ️️ Clinton and Obama Democrat ️ (@emanzi) May 14, 2018
By 35, you should have collected all the Chaos Emeralds and have half the Infinity Gems in your grasp, say retirement experts. https://t.co/IE3ZMN0PkK
— Andrien E3 (@EscoBlades) May 15, 2018
by 35, you should have twice your body weight in babies blood saved to secure eternal youth, according to experts https://t.co/Ve4vCuHc5C
— Hazel Cills (@hazelcills) May 15, 2018
By 42, you should be able to lift thrice your own weight.
By 16, you should have written your first screenplay.
By 8, you should have your self portrait hanging in the Philadelphia museum of art. https://t.co/BtIYQkPQVD
— Anna Hughes (@AnnaGHughes) May 15, 2018
Video: What You Need to Know About Preparing for Retirement
- This article originally appeared on HuffPost.