Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Are You Rich? The Answer May Surprise You: What is considered rich? That depends on how you measure it – and the bar for that is changing.
Kiplingers ^ | 12/16/2022 | NEALE GODFREY, FINANCIAL LITERACY EXPERT

Posted on 12/16/2022 9:02:58 PM PST by SeekAndFind

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-38 last
To: SeekAndFind

Rich is what you make it, money is only part of the equation.


21 posted on 12/17/2022 5:19:15 AM PST by maddog55 (The only thing systemic in America is the left's hatred of it!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ARW

Stunning how low the median is. Just think how many are negative net worth below the median.


22 posted on 12/17/2022 5:20:15 AM PST by Codeflier (My voting days are over. Let it burn...give the people what they want good and hard. )
[ Post Reply | Private Reply | To 9 | View Replies]

To: JAKraig

The writer is also a true believer in Anthropogenic Climate Change and ESG investing.


23 posted on 12/17/2022 5:25:04 AM PST by Codeflier (My voting days are over. Let it burn...give the people what they want good and hard. )
[ Post Reply | Private Reply | To 7 | View Replies]

To: lurk

I’m quit content with what I have - and all debt free.
I’ve learned to live smaller and love it!
Frees the mind to enjoy life.


24 posted on 12/17/2022 5:28:17 AM PST by caww (O death, when you seized my Lord, you lost your grip on me......Augustine)
[ Post Reply | Private Reply | To 6 | View Replies]

To: SeekAndFind

Inflation happened because the economy came roaring back. Who knew?


25 posted on 12/17/2022 5:30:23 AM PST by TalBlack (We have a Christian duty and a patriotic duty. God help us.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: metmom

Money is simply needed to sustain life....so I’d have to say I have more than I really need but it’s nice to have a cushion set aside....some would consider that a need.


26 posted on 12/17/2022 5:31:06 AM PST by caww (O death, when you seized my Lord, you lost your grip on me......Augustine)
[ Post Reply | Private Reply | To 12 | View Replies]

To: SeekAndFind

Well, I made the top 5% but it is an illusion. It’s all in retirement accounts which get taxed at my income level which will be high due to pensions. I should have been maxxing Roth accounts.

My mother went through $500k in 22 years. That was a lot of money in 1991


27 posted on 12/17/2022 5:34:22 AM PST by AppyPappy (Biden told Al Roker "America is back". Unfortunately, he meant back to the 1970's)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lurk

Bingo.

Dave Ramsey lifestyle rocks.


28 posted on 12/17/2022 5:40:28 AM PST by Texas resident (Who is running our country?)
[ Post Reply | Private Reply | To 6 | View Replies]

To: minnesota_bound

Wells Fargo apparently moved us to a “safer” position prior to the economy tanking. It cost me in fees but we suffered less that we would have. I had no idea of my net worth but they apparently did and assigned us a banker.

It’s amazing how clueless I was because I work all the time.


29 posted on 12/17/2022 6:02:05 AM PST by AppyPappy (Biden told Al Roker "America is back". Unfortunately, he meant back to the 1970's)
[ Post Reply | Private Reply | To 13 | View Replies]

To: SeekAndFind

I am comfortable. I have what I need and I don’t want much more.

And I don’t get worked up about others having more.

God has blessed me by allowing me to survive some major ordeals.

Am I rich? In my own way, yes!


30 posted on 12/17/2022 6:09:52 AM PST by airborne (Thank you Rush for helping me find FreeRepublic! R)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Scrambler Bob

Five years after graduation, geography majors from the University of North Carolina, class of 1984, averaged five million dollars per year income. There were 12 of them. One of them was Michael Jordan.


31 posted on 12/17/2022 6:26:56 AM PST by Lonesome in Massachussets (Forsan et haec olim meminisse iuvabit.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: airborne

I feel wealthy even though my net worth is well below one million dollars.

How can that be?

Low expenses.


32 posted on 12/17/2022 6:34:35 AM PST by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
[ Post Reply | Private Reply | To 30 | View Replies]

To: JAKraig
...I realized the writer was an idiot.

The writer is a liar, not an idiot. The difference is important.

Blaming inflation on a tight labor market is the official part lie used to get the people looking in the wrong direction. It's about blaming the victims.

Inflation is directly caused by the government with assistance from the central bankers.

33 posted on 12/17/2022 7:03:44 AM PST by flamberge (You can ignore reality. You cannot ignore the consequences of ignoring reality.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: cgbg

People who always want more will never have enough.


34 posted on 12/17/2022 7:08:56 AM PST by airborne (Thank you Rush for helping me find FreeRepublic! R)
[ Post Reply | Private Reply | To 32 | View Replies]

To: SeekAndFind

35 posted on 12/17/2022 11:11:48 AM PST by Sicon ("All animals are equal, but some animals are more equal than others." - G. Orwell)
[ Post Reply | Private Reply | To 1 | View Replies]

To: flamberge; SeekAndFind; Scrambler Bob; Flick Lives; lurk; JAKraig; Kenny500c; Dagnabitt
Blaming inflation on a tight labor market is the official part lie

Killing over a million Americans with SAFE AND EFFECTIVE drugs is causing problems

Don't believe that the vaxxxxxxines are the primary cause of the HUGE number of deaths?

Notice the biggest peak in EXCESS DEATHS occurred when the RESIDENT ordered the mandates. Then notice that EXCESS DEATHS were relatively low and well behaved in 2019 but took off when the US government got involved with killing people.

In 2019, there were NEGATIVE EXCESS DEATHS meaning that less people were dying than expected. That would be expected when life expectancy was increasing as it had been for over one hundred years. Now that the government is killing with the vaxxxxxxines, live expectancy has decreased THREE YEARS since the vaxxxxxxxines have been pushed on an ignorant public. Life Expectancy will decrease to 52 years old by 2025 at the present rate. But don't worry too much, Biden is flooding the US will illegals that are NOT vaxxxxxxed!

Go get your boosters and flu shots ASAP if you want to avoid the rush to the graveyard. The more shots you have, the sooner you will die.

36 posted on 12/17/2022 11:36:36 AM PST by politicianslie (Genocide with vaxxxxxxines is EASY. The fools get in line and then their relatives bury them. Easy!)
[ Post Reply | Private Reply | To 33 | View Replies]

To: Scrambler Bob
The same data for median net worth:

Age of head of family: Median / Average net worth

Less than 35: $13,900 / $76,300

35-44: $91,300 / $436,200

45-54: $168,600 / $833,200

55-64: $212,500 / $1,175,900

65-74: $266,400 / $1,217,700

75+: $254,800 / $977,600

37 posted on 12/17/2022 1:31:18 PM PST by Lonesome in Massachussets (Forsan et haec olim meminisse iuvabit.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: SeekAndFind

Is this individual wealth or household wealth? Do you multiply these numbers by two for a husband and wife?


38 posted on 08/16/2023 7:43:11 PM PDT by PTBAA
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-38 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson