Re:One-Percenters Close to Surpassing Wealth of U.S. Middle ...
by verall on Saturday November 09, 2019 @10:06AM
(#21491908)
This is just a silly strawman.
Of course there is a class difference between people at retirement age:
- Has enough wealth to pay for daily life with interest/dividends. Nearly all wealth sill be left to family+friends upon death. (Upper class)
- Has enough wealth to retire, drawing upon this wealth to survive. Must work late into life in order to leave a significant inheritance. (Middle class)
- Not enough wealth to survive without working or leave significant inheritance. Must rely on friends, family, or the state when unable to work in old age. (Lower class)
Of course there is a class difference between people at retirement age:
- Has enough wealth to pay for daily life with interest/dividends. Nearly all wealth sill be left to family+friends upon death. (Upper class)
- Has enough wealth to retire, drawing upon this wealth to survive. Must work late into life in order to leave a significant inheritance. (Middle class)
- Not enough wealth to survive without working or leave significant inheritance. Must rely on friends, family, or the state when unable to work in old age. (Lower class)