Posted on 12/04/2022 12:57:51 PM PST by RomanSoldier19
A cool $1 million is not what it used to be.
There are more millionaires in the U.S. and globally than ever before, with nearly 24.5 million millionaires nationwide as of 2022, according to the latest Global Wealth Report from the Credit Suisse Research Institute. Even so, having seven figures in the bank offers less security than it used to in the face of inflation and extreme market swings.
“That mark is easier to obtain but it may not deliver what we expect,” said Dave Goodsell, executive director of the Natixis Center for Investor Insight.
These days, fewer Americans, including millionaires, feel confident about their financial standing.
(Excerpt) Read more at cnbc.com ...
>>These days, fewer Americans, including millionaires, feel confident about their financial standing.
Which is what happens when you let Socialists run the country...
T-Bills are around 5%
Thats $50K + SS and not state taxable in many states.
Well above the median wage but well below private jet money.
YMMV.
Living like you have a lot less than a million makes living with a million a lot easier.
As the well connected wealthy corrupt in D.C., routinely send hundreds of billions in American cash to corrupt foreign countries...
Retirement for you? You’ll be lucky they don’t loot every penny/asset you have.
Yea i have listened to Sunday morning financial radio shows over the years with people calling in worried that their 4 million $$ won’t be able to support them.
Try living in my shoes i say!!
Thanks a lot Mr Biden...
retirement is a concept created by the government to open up more jobs for the young, similar to the 40 hour work week.
I aint no millionaire but I just retired at 65 and see no problems in my wife’s and my future. I did work consistently since I’m 17 though.
Thats $50K + SS and not state taxable in many states.
Yeah, but it took 9% inflation before those T-bills started paying that so you're still losing money every year. When the inflation gets under control they'll go back to paying nothing.
I see a lot of van people here in the leftist sewer hole of New York. A lot of trailers too, people who have trailers on the back of their cars and they will park in a Walmart parking lot for the night.
If this domestic enemy occupation of our government is not defeated and the occupation extends for another 6 years and beyond, I really can’t see how any housing is going to be affordable if the occupation continues to assist the invasion of the country.
Imagine the population goes from 330 million to 500 or 600 million, housing will be impossible to afford and I think that’s the reason the occupation wants to rezone and outlaw single family houses to build housing projects instead.
yes vans are nice these days
Nobody gets to retire. Not even these millionaires, even if they are better off than we.
I would recommend these millionaires read “The Way to Wealth” by Benjamin Franklin.
Let the masses eat bugs, WEF.
congrats and rarity
you get it
Retirement is not all about money.
The way it looks, investing in people might be a risky alternative, but worth investigating.
The Pelosi’s, the Clintons, the the Biden's, etc. all made tons of money while claiming to ‘serve’ the nation. This generation of political lawyers and thieves (but I repeat myself) has morphed into a ‘wealthy’ class who care about nothing but themselves. I am sickened by these people.
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