Imagine that. A company that takes 1-2% percentage of your wealth/gains for a service wants their clients to have more money to take from. I'm so surprised. Spoiler Yeah, but that's probably why he said "moderate lifestyle" (although with $250k/yr in interest, I'd guess the vast majority of the public would "ok" or consider themselves wealthy). I think the point is you can live more than comfortably with the $5 million (assuming cash) and, from the looks of it, most people in the survey agreed that it's "wealthy". It's like Arnault or Musk not inviting Fertitta or Cuban to their lunches because they're not wealthy enough. lol. Sure, it's not as much money, but damn if it ain't a lot of money, and both groups would be considered wealthy by most.
I wouldn't be confident I could retire with just 10 million. Inflation could come at us even much harder than it already has.
When I was like 6yrs old i had 2-$1 bills in my pocket. I told myself and everybody else i had $11 cause two 1s make 11. So by those standards Im extremely wealthy af.
You know you can still get them at a bank right? Or you could go sell some metal and maybe meet Dikembe.
from a yearly earnings, top 1% is considered wealthy right? now how do you define how much you need to have in assets to be wealthy? you could make 63 mil a year and be net zero at the end of the year..
If you can buy national-level politicians or shoot someone in the face and that person apologizes to you, you’re truly wealthy. Everyone else is either ignorant, doesn’t give a f or is a wheedling sycophant.
That chart is hiding some important factors if Chicago & Dallas are neck-and-neck in both categories.
The fact that you'll probably get gunned down going to get your mail in Chicago is probably a factor.
Depends where you live in Chicago. In Texas you can get mail, it's the schools where they be shooting.
World wealthy of what the United States? Don’t get me wrong, I love the U.S at times but that’s not the world. San Francisco at #1 lol gayyyyyyuuuuuyyy
It is health cost that can eat through one’s accounts. It’s nice to have options but at what cost. Insurance is a racket because the cost to have it, then trying to use it cost yet again. Then the renewal premium from using it. Insurance also tends to limit the scope of possible treatments. At times it’s best to pay have it and still not use it because of the short term or long term cost. An illness or accident can/will change ones finances faster than anything else.
