Millennials have 'phantom wealth' hidden in their homes and 401Ks — but they don't feel rich

Tech Insider : Economy, Economy
Milennial couple standing next to a model house that is empty inside, on a harsh red background.

Getty Images; Chelsea Jia Feng/BI

An Australian boomer retired in Thailand on an $18,000 annual pension. He saves almost half his income and can still travel the world.

Tech Insider : Economy, Economy, Travel
Older man pulling a suitcase
John Walker, 73, (not pictured) moved to Thailand from Australia. He retired and is living on his $18,000 annual pension.

PixelsEffect / Getty Images

A millennial couple with a $1.2 million net worth explains how they both plan to retire by 35

Tech Insider : Economy
Andrea Wallace with her family
Andrea Wallace and her husband are set to achieve financial independence in four years.

Andrea Wallace

Millennial and Gen Z retirements might actually be OK while boomers and Gen X could struggle. It's due to how savings have changed over time.

Tech Insider : Economy, Economy
A person is sitting at a table, which has stuff on it, and looking to the side.
Gen X and boomers are at greater risk of facing retirement shortfalls than younger generations, a new report said.

MoMo Productions/Getty Images

A peak boomer fears she can't retire with $2,000 Social Security payments — and may have to move in with her sons

Tech Insider : Economy
Becky Davenport
Becky Davenport has worked her whole life but fears she may never retire.

Becky Davenport

Why a semi-retired baby boomer chose a passion project over a life of leisure: 'There's just an adrenaline rush'

Tech Insider : Economy
This photo shows Trey Fischer and Michael McCaman, the co-founders of Orion Therapeutrics.
Michael McCaman (right) and Trey Fischer, two of four cofounders of Orion Therapeutics.

Courtesy of Michael McCaman

A boomer lives on $1,601 monthly from Social Security and struggles to pay bills. She plans to wait a few more years until she touches her 401(k).

Tech Insider : Economy, Economy
A teacher handing out papers to elementary-age students
Maureen, 67, (not pictured) is a former elementary school teacher living on $1,600 a month in Social Security benefits.

Drazen Zigic / Getty Images

A millennial couple who make $250,000 say they can't find a home in their budget: 'We refuse to become house-poor'

Tech Insider : Economy, Economy
Laura Graves and family
Laura Graves and her husband Samuel each make six figures but are struggling to find a home in their budget in the Portland area.

Laura Graves

I planned on retiring this year but was then diagnosed with cancer. Retirement may need to be put off, and I'm devastated.

Tech Insider
Theresa St. John wearing a hat in front of a grassy hill
The author was looking to retire but then was diagnosed with breast cancer.

Courtesy of Melanie Majors Mauck

I'm a boomer who couldn't afford to retire in the US. At 70 I moved to Spain and it was the best decision ever.

Tech Insider : Travel
Woman posing for photo in Barcelona
The author moved to Spain in 2017 and still lives there, she said it was the best decision she's made.

Courtesy of the author

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