What is the FIRE Movement? Could it be Hurting Our Economy?
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The Fire movement is a growing trend amongst young workers which is growing in popularity thanks to its very enticing goal which is spelled out in the name.
FIRE is an acronym of Financial Independence and Retiring Early.
The idea is that by following a very aggressive saving and investing strategy people can get to a point where they are effectively retired at a very young age, sometimes younger than 30.
In a world where we are being told that pensions are running dry and the average person may have to work in some capacity for their entire life, this sounds like a bit of a lofty dream.
Sure, there are trust fund babies and