#180 - What it takes to actually retire by 30 | Curio

#180 - What it takes to actually retire by 30

20 mins | Apr 4, 2022

Today's episode from 4th April 2022. First this Monday: Snack lovers everywhere have noticed that companies are cutting corners on product size or limiting services to preserve profit margins. We take a look at this so-called "shrinkflation", where big corporates are passing on rising costs on to their customers. Then later, according to TikTok anyone can leave behind the daily grind well ahead of their twilight years. But as we find out, the pursuit of retiring by 30 can mean extreme life choices. Rampant corner-cutting as costs rise has not gone unnoticed. From increased rent to fuel prices, inflation has impacted everyone, including the big corporations. Whether you blame supply chain bottlenecks, labour shortages or even the pandemic, this penny pinching is not going unnoticed. For The Financial Times, Brooke Masters discusses shrinkflation and the creative ways they're trying to boost their profits at the expense of customer satisfaction. The switch from childhood freedoms to work and adulthood obligations is jarring for every generation. However, today's young people are more overwhelmed by debt than their parents, and the majority are unlikely to ever get on the property ladder. And now, with rising inflation and the pension age being pushed further and further back, retirement is an almost inconceivable idea, which is where the #EarlyRetirement movement comes in. For The Cut, Courtney Runn meets with early retirement proponents to discover the sacrifices, including aggressive saving, investment, and frugality behind their goals and how TikTok has helped the movement gain a new audience, new traction and new ideas. Wake up with Curio is a different kind of morning show that gives you the context behind the news and gets you motivated for the day ahead, every Monday - Friday.

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