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A comment on The ‘semi-rich’: Millions of high-income Americans may not feel wealthy but are. Parent comment

Re:The ‘semi-rich’: Millions of high-income Americans may no... by s1artibartfast on Wednesday October 27, 2021 @07:23PM (#29020324)
You are making an argument about assets and income. The parent said lifestyle. Warren buffet could have the same lifestyle as someone with 1.2 M in omaha
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Re:The ‘semi-rich’: Millions of high-income Americans may no... by dlp211 on Wednesday October 27, 2021 @10:31PM (#29021664)
Could, but they don't. Someone with $1.2MM has enough that they could sustain a lifestyle that ~$36k/yr* could afford them. Someone with a NW of $20MM has enough that they could sustain a lifestyle of $600k/yr.

Those lifestyles are no where near being the same.

*based on a conservative 3% withdrawal, but the point stands irrespective of the withdrawal percentage.

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Re:The ‘semi-rich’: Millions of high-income Americans may no... by s1artibartfast on Thursday October 28, 2021 @02:43PM (#29029794)
This is again an argument based on income, not assets.

You could scrutinize loans based on assets to close the gap.

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