Here’s How Much Money You Should Have Saved by 30.
Experts says $50,000—which is a bit daunting considering that most millennials only have about $2K in savings, according to CNBC.
“To get there, Fidelity recommends saving 15 percent of your annual income,” they write. “Make sure to invest these funds instead of leaving them in a traditional savings account.”
Meghan Murphy, one of Fidelity’s VPs, adds: “If you only saved money in an account that got no return, you’d have to save a lot more to reach your goal. If you want to live a lavish life in retirement, you may want to save a little bit more,” Murphy adds. “If you’re perfectly content hanging out at home in retirement, you may need to save a little bit less.”
So. How’s your account looking. Are you on track?
This Photographer Captured Puerto Rico’s Creative Community a Year After Maria.
About 365 days after Hurricane Maria—the storm that devastated the island last September and was named the most destructive hurricane in its history—Dutch photographer Nick Van Tiem paid a visit to capture the young creatives working to put the pieces of their country back together. The resulting collection of photos is a riveting tribute to the community’s tenacity despite all it’s endured.
“All of the subjects are dreaming of becoming stylists, make-up artists, or models — unfortunately, there is little support for this in Puerto Rico, let alone an actual market,” Van Tiem told i-D. “There are no PR agencies, exhibition venues, or model agencies, which can quickly make the situation seem hopeless. On top of that, people of this generation had to grow up faster than they should have because of the disaster, which made them adjust their priorities. But that does make their perseverance truly impressive. With this series, I really hope to generate more visibility for this community.”
Check out the photos here.
Why the Home-Cooked Dinner Date Is Going out of Style.
The reason: because like most social media, Tinder’s ruining everything. Okay, so that’s a bit melodramatic, but according to this MUNCHIES article, popular dating apps are contributing to the anxiety and fear of hasty intimacy that comes with the wonderful world of swipe culture. And that sucks. Because psychology shows that home-cooked meals are where it’s at.
“Dr. Terri Orbuch, PhD, author of Finding Love Again: 6 Simple Steps to a New and Happy Relationship and sociology professor at Oakland University in Michigan, argues that both long-term and new couples are missing out on the benefits of performing an activity together in lieu of showboaty meals and experiences,” MUNCHIES writes. “Not only is cooking a team-building experience, but you both get to revel in the glory afterward, she says, which can be pretty sexy.”
We’d enthusiastically agree.
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