Re:The ‘semi-rich’: Millions of high-income Americans may no...
by ac29 on Friday October 29, 2021 @02:11AM
(#29035710)
> $20M is retirement money. $1.2M isn't.
I live in a HCOL area, so I get this sentiment. But it doesn't match at all with actual reality in the US. The median 65-69 year old has a net worth of $272k, with the average being $1.25M [0]. A lot of places are pretty cheap - especially since even modest earners could get thousands of $ in SS each month.
I live in a HCOL area, so I get this sentiment. But it doesn't match at all with actual reality in the US. The median 65-69 year old has a net worth of $272k, with the average being $1.25M [0]. A lot of places are pretty cheap - especially since even modest earners could get thousands of $ in SS each month.
[0] https://dqydj.com/average-median-top-net-worth-percentiles-b...