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baseballcrank's profile
Dan McLaughlin
Dan McLaughlin
Dan McLaughlin
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@baseballcrank

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Dan McLaughlinVerified account

@baseballcrank

Senior Writer @NRO. Reaganite, Catholic, Mets fan, ex-lawyer. Opinions 100% my own, but you can share them. Not the Cardinals broadcaster.

New York
nationalreview.com/author/dan-mcl…
Joined May 2009

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    1. Dan McLaughlin‏Verified account @baseballcrank 21 Oct 2019

      Dan McLaughlin Retweeted CNBC

      This sounds overstated, but it's mostly a reminder that most of the Millennial generation is over 30 now, and many are approaching 40.https://twitter.com/CNBC/status/1186075946417344512 …

      Dan McLaughlin added,

      CNBCVerified account @CNBC
      1 in 6 millennials have $100,000 saved — here's how much you should have at every age. https://cnb.cx/33DIXcb 
      6 replies 5 retweets 42 likes
      Show this thread
    2. Dan McLaughlin‏Verified account @baseballcrank 21 Oct 2019

      Also $100,000 in savings is a lot for working-class Americans, but if you are middle to upper middle class & have a 401(k), it's not that hard to have total savings in the low six figures by your early to mid 30s, especially with two incomes.

      3 replies 3 retweets 26 likes
      Show this thread
      Dan McLaughlin‏Verified account @baseballcrank 21 Oct 2019

      Of course, there's a lot of variables that go into savings: marriage, kids, house, college debt, how young you started working, what part of the country you live in.

      9:24 AM - 21 Oct 2019
      • 1 Retweet
      • 12 Likes
      • NH Ian Collins illinidiva Theodore Herrera Ducky Luis Garcia Geoffrey Ogden
      2 replies 1 retweet 12 likes
        1. New conversation
        2. Dan McLaughlin‏Verified account @baseballcrank 21 Oct 2019

          For my part, no more than half of the money I've saved since I started working 23 years ago has gone into retirement or cash savings; the rest went into house down payment and - mostly - 529s for the kids.

          1 reply 1 retweet 7 likes
          Show this thread
        3. Dan McLaughlin‏Verified account @baseballcrank 21 Oct 2019

          What's depressing - and a common experience that fuels a lot of the politics of people under 40 - is that I make multiples of what my dad made, I've saved hundreds of thousands of dollars in 529 accounts, yet my kids will still graduate with more college debt than I did.

          6 replies 1 retweet 17 likes
          Show this thread
        4. End of conversation
        1. New conversation
        2. Sean Hackbarth‏ @seanhackbarth 21 Oct 2019
          Replying to @baseballcrank

          I had a late start, but by pouring as much as possible into my 401(k) I've caught up. Forcing yourself to save has been the difference for me.

          2 replies 0 retweets 2 likes
        3. Dan McLaughlin‏Verified account @baseballcrank 21 Oct 2019
          Replying to @seanhackbarth

          I started working at 23, having kids at 25, & bought a house *in New York City* at 28, so easier said than done. But at least by now we have one supporting himself.

          0 replies 0 retweets 0 likes
        4. End of conversation

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