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For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
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It's not hopeless. You're behind ideal, but you can be in a good spot by your mid 40s if you make that a goal. 30k makes you debt free and have a good emergency fund. If you haven't changed jobs in a few years, you can probably find another job with a raise that gets you 30k more in about 3 years.
If you wipe out that debt by 45 and start saving for retirement, 15k/year nets you about 500k-700k by 65. That's not retire on a beach money, but it's better than the average boomer.
Where are you getting his income figures from?
"Everyone works in STEM"
Even outside stem wages have gone up for many jobs and if you only have gotten no or sub 5% raises for a few years it's worth looking.
Does this plan require good returns on investments? Cuz 15K × 20 years doesn't equal 500 to 700k. Isn't that how a lot of boomers got financially wrecked? Putting all their money into 401Ks or housing only to have them lose a ton of value every time there's a once in a lifetime financial crisis? Hopefully this doesn't sound sarcastic, they're honest questions.
Yes it's assuming 7% which is a long term average. Boomers largely never saved for retirement, it wasn't wiped out. The stock market is resilient over time, with retirement planning it's important to not panic and pull money out, use index funds and there's very few 5 year periods where the market is actually down. When your close to retirement get more conservative, because a downturn can really hurt you when tour planning to withdraw that money. A financial planner can help, they should be able to explain their plan and fees upfront l. The plan may be a bit general until you actually sign something, but you shouldn't have to pay one for an initial meeting.