A newly released survey underscores that "Americans have a solid grasp of the highly unequal concentration of wealth in the United States—and they think it's rotten."
The survey only involved like 950 people and it only defined it as, “the rich” which seems pretty vague. Given the survey also mentions Bezos and Musk it wouldn’t surprise me if that is the group having too much on this survey, not humble millionaires like you and me.
Don’t forget all of the people who will certainly be millionaires in the future! They will definitely not be middle class and delusional for the rest of their lives
$1M equates to $40k/year income in retirement at a 4% SWR (safe withdrawal rate). In 2025, that’s not actually a lot, even if you have Social Security on top of it.
If you’re not a millionaire by the time you’re retired, you’re damn near impoverished. The only way for that to count as “middle class” (in the “close to the median income” sense) is if the middle class is destroyed (in the “existing separate and distinct from the lower class” sense).
(INB4 somebody chimes in with “it never was separate and distinct” – yeah, yeah, I know, working-class solidarity and all that. But you get my point, right?)
The survey only involved like 950 people and it only defined it as, “the rich” which seems pretty vague. Given the survey also mentions Bezos and Musk it wouldn’t surprise me if that is the group having too much on this survey, not humble millionaires like you and me.
Don’t forget all of the people who will certainly be millionaires in the future! They will definitely not be middle class and delusional for the rest of their lives
Middle-class people will be millionaires.
$1M equates to $40k/year income in retirement at a 4% SWR (safe withdrawal rate). In 2025, that’s not actually a lot, even if you have Social Security on top of it.
If you’re not a millionaire by the time you’re retired, you’re damn near impoverished. The only way for that to count as “middle class” (in the “close to the median income” sense) is if the middle class is destroyed (in the “existing separate and distinct from the lower class” sense).
(INB4 somebody chimes in with “it never was separate and distinct” – yeah, yeah, I know, working-class solidarity and all that. But you get my point, right?)