/biz/ - Business & Finance

>>54978697
It isn't a lot

>>54978697
That has to include retirement accounts, right?

>>54978697
Compared to your average American it's a lot. But your average American has to work until they are close to 70 before they retire and when they do they'll still be poor and old.

>>54978716
fuck you

>>54978697
Normalfags have a compulsion to spend money whenever they have it, and often when they don't have it

>>54978697
7% is quite a few people, anon.
So no 1 million is not worth much at all.
Trust me I know, I have several millions and I am still a virgin who can't get a date.
Even several million dollars isn't worth fuck all these days.

>>54978697
It's like one cockroach looking at another cockroach's 3 grains of crumbs instead of his own 1 grain

Sure 500k is rich relative to someone working at mccdonalds, but in the big picture, it's really nothing.

500k is probably closer to the bottom 85% than it is the top 5%

>>54978697
There are over a quarter of a billion Americans

>>54978697
Does it have to be under savings ? Pretty hard to believe what if they own property, does that not count, I’m pretty sure more than 7% have more than than that if you include their whole net worth

>>54978697
That includes home equity from old people right? Right?

>>54979124
around 40-50mill is when that stops.
but you're correct.
a mcwage has more in common with a 7 fig.
than a 7 fig has with a 9 fig.

>>54978697
If you have less than 175k networth you are in the bottom half of Americans. Let that sink in

>>54978697
7% of households, that narrows it down to 8 million households and the vast majority are over 55 so in other words inherited wealth or just 35+ years of salary
it narrows down quite a bit once you add parameters that are actually respectable