“It’s actually been one of the most positive things we’ve ever done in our careers,” Kyle said. “We came back with a conviction to get our careers back on track. We just chose to take our foot off the gas pedal for a bit.”
For most Americans, a yearslong sabbatical is impossible to imagine, at least until they’re older and Medicare and Social Security kick in. Half of working-age Americans are at risk of not having enough income when they retire, according to calculations by Boston College’s Center for Retirement Research based on 2016 data. That’s up from 30 percent in 1989. And thanks to the financial crisis, millennials are even further behind than older American workers. The typical American born in the 1980s has 34 percent less family wealth than earlier generations had at the same age, the Federal Reserve Bank of St. Louis estimates.
Nonetheless, at least some young workers have been able to buck these trends, paying off their student loans and saving early and often. And, for many of these career-obsessed millennials, the ultimate luxury is time.
This article was provided by Bloomberg News.