Want to retire in your 40s? Young workers are turning to FIRE

Rising inflation, high housing costs, and stagnant wages have driven many young people toward the Financial Independence, Retire Early (FIRE) movement, seeking financial freedom and early retirement. FIRE involves aggressive saving (50-70% of income), frugality, and investing using the 25x and 4% rules. Strategies include Lean FIRE, Fat FIRE, Barista FIRE, and Coast FIRE. Challenges include discipline, social isolation, market risks, healthcare costs, and potential identity loss.