PFRDA

How old were you when you began paying into a pension fund and/or a long term savings account?

Were you on a salary by that point or did you manage to sart as a wage earner? Bonus Q: How (if at all) has the recession affected you/your family personally? * Sorry that should read 'start'.

Public Comments

1. Well... After I pay off the camper I *think* we're getting Tuesday (we're hoping we can get it financed for 3 years), I'll be 24, and I'm afraid my car won't last long after that (it'd be.... 12 years by then and has a ton of miles already...). Maybe by 26 I can start saving for Jamie's college. Being broke SUCKS. ADD: Bonus Q: Pffft broke is broke. I'm doing about the same!
2. I'm not even sure. My parents opened a Roth IRA for me when I was eleven and I've had a savings account since sometime in elementary school. Probably depends on the person.
3. I am 22 and my husband is 26. We are still not doing either-- it's pretty paycheck-to-paycheck for us right now! Because of the recession: -we don't eat out very often -we don't buy a lot of "wants" (except for kids' things!) -i pack my husband's lunch for work instead of letting him get a sandwich or whatever -we don't go on trips or buy excessively expensive gifts (like for Christmas, we each asked each other for one nice thing instead of a bunch of stuff. This allowed us to get more for our daughter and we did not have to use credit cards.) -we went through our phone/cable bill and dumped the bells and whistles we don't use, like internet on our phones and HBO channels -I've gotten really good at buying quality stuff secondhand
4. I've had a savings account since I was about two. I've been putting my own money (my dad still puts in money for me also) in when I was sixteen. I will probably be using most of it for college.
5. I am not sure whether you mean in addition to super, but here, I have been paying 10% ( our companies standard in stead of 9%) of my salary into a superannuation account. I plan to always contribute 10% to my super. Q- No, it hasn't affected me personally, but where I was working, a LOT of people were made redundant which was upsetting.
6. im 24 and i pay into a retirement account. started about 4 years ago when i started working for the state of california because they automatically deduct it for me (im salary). i have one bond for my daughter but that's it. the recession itself has basically affected me in the fact that the state of california is currently in a budget crisis and as a result all state workers lost about 14% of their pay. if i wouldn't have lost so much income, i proly wouldn't even know we were in a recession...