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this post was submitted on 30 Aug 2023
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What - you can't even buy a nice two-bedroom condo here for a million dollars, I think you need to re-evaluate what a millionaire is today.
Buying a million dollar house and being a millionaire are two different things. Multi millionaires are part of the problem as well.
I took it to mean people who earn that much per year. The average person working a $30k+ job should have more than a million in the bank at retirement, and that should have been enough to retire on comfortably. Now I'm being told it's more than 1.5-2 million dollars at retirement.