Your student is planning on following in your footsteps and will be receiving that admissions letter of acceptance sooner than you think.
It is no secret that the typical American is working long hours with little respite compared to other countries with large economies. Full-time employees report an average work week of 47 hours and four out of 10 American workers say they work over 50 hours a week. Americans work an average of 34.4 hours a week, according to data sourced from the Organisation for Economic Co-operation and Development (OECD), which is longer than the work weeks of nations like the United Kingdom (32.25), Austria (31.33), Canada (32.77), and Germany (26.37).
You’re 25 and feeling alive. You’re settling into life after university, paying off your debts and slowly figuring how to “adult”. But with the responsibility of bills, rent, and even keeping up social appearances, prioritizing financial planning is something far too often pushed to the side. Of course the nagging idea that maybe starting a 401-K might not be the worst thing, however it’s hard to fully take control of your financial future when the reality of everyday life is living paycheck to paycheck.