Take into account purchasing power parity, and you will see that we are not as “wealthy” as these numbers indicate.
Yes, like millionaires (because they bought their home 40 years ago) who can’t afford to pay property taxes (like 20K/year for a fairly modest house in some towns.)
Take into account purchasing power parity, and you will see that we are not as wealthy as these numbers indicate.
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Yes, I live on a very modest income in South Carolina, my stepson thinks he wants to live in California. He doesn’t seem to understand that in the area where he wants to live the life we live now would cost millions just for the real estate alone.