How does saving for retirement work?

913 views

I’m 34 and I’m still getting my BA, I don’t have a career yet I just work at a coffee shop right now. A friend of mine who is a few years older sometimes tells me I should start saving for retirement. How? Why? I don’t make much money so I wouldn’t be able to put much away. Is it really something I should worry about right now?

In: Economics

9 Answers

Anonymous 0 Comments

If you start putting even a little away now, it’ll slowly grow by the time you retire. If you keep putting just a little away, then you keep adding to the pile, and every bit that you add means slightly larger interest too.

If you put *nothing* away now, then you’re preparing to have nothing later.

You are viewing 1 out of 9 answers, click here to view all answers.