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A comment on Americans increasingly see legal sports betting as a bad thing for society. Parent comment

Re:Americans increasingly see legal sports betting as a bad ... by ta1243 on Sunday October 05, 2025 @06:21PM (#45485822)
Over the last 30 years the s&p with reinvested dividends has returned an average 9%, so fine, $90k off $1m assets.

Median wage in the USA is globally very high at just over $60k.

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Re:Americans increasingly see legal sports betting as a bad ... by mercutio2 on Tuesday October 07, 2025 @01:03PM (#45505712)
30 years corresponds to the biggest boom in equities the world has ever seen. There is no guarantee it will continue, a 100% stock portfolio is very risky to live off of.

4% is the generally accepted safe withdrawal rate (inflation adjusted) from a portfolio for 30 years holding a mix of bond funds and equities. If you’re trying to live off of it for 50-60 years, 3-3.5% is the recommendation.

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