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Some of my acquaintances think it’s impossible to save nowadays. They say there is nothing left after taxes, housing, and basic social expenses. One person even said it’s getting to the point that $50,000 is not enough to live in Chicago.
This seemed curious to me, so I started a discussion and ran some numbers. Our conclusion: he could live on that money and save more. The problem was he was eating his retirement savings.
Why focus on food?
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