Are you a millennial who orders smashed avocado on five-grain bread for brunch? This lifestyle is the reason why you’ve been unable to afford a house, writes a middle-aged Australian columnist. This BBC article summarises the debate afterwards – with some saying you could give up a weekly brunch for a century and still not reach your saving goals.
Does being too loyal to your employer pay? This study says it doesn’t. Research cited here explains that employers have more bargaining power over loyal employees because they know they don’t really want to leave and will be willing to work for less money. In the long run, this loyalty can result in a difference of 20% in lifetime earnings.
Retiring too early
Early retirement can cause financial problems in old age. But the German study in this article says if you ask people two questions about when they’d like to receive a tax refund, it can help people understand why some retire early. Those who give inconsistent answers suffer from present bias and tend to retire earlier, which they later regret too.