I sure as hell hope so. My generation, myself included, seems a bit lazy in comparison. I suppose the oldest of us millennials got hit hard by 2008, but I personally didn’t, I was a teenager. So really, we’ve grown accustomed to living in good times and that makes people lazy. I reckon Gen Z and soon Alpha are going to pick up where we’ve failed and I’m ready to grab the popcorn.
This might be different in my country where we don’t have a potential upcoming Trump presidency, BUT we’re still affected by American politics. Last time Trump got elected, we had a huge surge in right wing Christian family values politics. We’re an atheist or at best pagan nation at heart so this felt so fake from the get-go. Wdym “back to our Christian roots”? We used to fight Christianity with pitchforks and stuff!
Not to devalue your point, but if you truly were spending (10 + 3*75 + 20)*30 + 150 per month (so a total of 7800 USD) and you invest it in an index fund getting back 5%, you’ll have your million in 10 years. 8 years at 10% which is the long-term growth rate of DJIA and S&P 500.
You’ll still never be the richest person in the world, but if you truly were burning away that much money, you could make decent dough just from investing it passively. In 30 years you’d have like 15 million, more than enough to retire.
Now the only real problem is that nearly nobody is actually burning that much cash and the “stop eating avocado toast” suggestions are indeed stupid af.