The truth is some simply are parasites and not human. All they deserve is a relatively painless and quick death. Millionaires are among those just like landlords, politicians and journalists.
$1M in retirement funds equates to a $40k/year safe withdrawal rate in retirement, which is not much. Basically, if you’re not a millionaire by the time you retire, you’re in poverty.
Don’t get me wrong: you might be right that it’s “normal” to have less money than that… but only in the sense that the middle class is being destroyed.
Of course things look different if you add retirement onto it. But then you might as well add healthcare payments and all other taxes and expenses on top. It still isn’t available money / assets though.
That sounds like a full on liberal take.
The truth is some simply are parasites and not human. All they deserve is a relatively painless and quick death. Millionaires are among those just like landlords, politicians and journalists.
It’s not fucking 1900 anymore. Inflation happened, and these days “millionaires” are still middle-class.
The difference between a millionaire and a billionaire is about a billion dollars.
Normal people will never own a million, neither in cash nor assets. Having a spare million is not middle class.
$1M in retirement funds equates to a $40k/year safe withdrawal rate in retirement, which is not much. Basically, if you’re not a millionaire by the time you retire, you’re in poverty.
Don’t get me wrong: you might be right that it’s “normal” to have less money than that… but only in the sense that the middle class is being destroyed.
Of course things look different if you add retirement onto it. But then you might as well add healthcare payments and all other taxes and expenses on top. It still isn’t available money / assets though.