A 24-year-old earning $120,000 (£90,000) a year phoned The Ramsey Show, convinced he was falling behind. The hosts ran his figures through a compound-growth calculator and projected that the $50,000 (£37,500) already in his retirement accounts could grow to as much as $12 million (£9 million).
The caller, Jordan, works for the government in San Diego. He carries no credit card debt and saves hard. Yet the home, the marriage, and the children he had pictured kept slipping further out of reach as his income climbed, he said.
