Even with compound interest $100/mo is only going to yield retirement like savings over 40 years with >=10% interest rates and monthly compounding.
It also neglects the fact that the cost of retirement might be much higher when that time comes.
Your whole spend less argument ignores the whole point of the article. These disillusioned people aren’t going to spend less because they don’t think it’s going to pay off. They’re optimizing for happiness in the present moment and that might end up being the right choice.
It also neglects the fact that the cost of retirement might be much higher when that time comes.
Your whole spend less argument ignores the whole point of the article. These disillusioned people aren’t going to spend less because they don’t think it’s going to pay off. They’re optimizing for happiness in the present moment and that might end up being the right choice.