Millionaires don’t count as ‘rich’ any more.
Fedegenerate@lemmynsfw.com 4 hours ago
The difference between a million and a billion is about a billion. Millionaires are closer to zero than they are the ultra rich.
SparroHawc@lemmy.zip 3 hours ago
OneOrTheOtherDontAskMe@lemmy.world 1 hour ago
I disagree.
Low millions, like your net worth in your 60s when you own a home, potentially two cars, and a retirement fund. 1-4 million? Sure, not rich, well off by most standards.
Closing in on thay double digit millions? Yeah you’re rich. Hell, in most of the US, having a net worth of 7 million dollars is the ‘eccentric millionaire’ level for most of rural America.
TubularTittyFrog@lemmy.world 4 hours ago
most people middle aged people with six figure careers are millionaires. that’s why the number of millionaires keeps going up.
jjjalljs@ttrpg.network 3 hours ago
Some of my peers should be rich enough to retire, but fell victim to lifestyle inflation. Sure they’re making $250k/year, but they moved into a $5k/mo apartment, go on expensive vacations, and just do whatever in their day to day. I don’t know where their money goes. Maybe they are secretly investing.
Meanwhile I live like a goblin on less
TubularTittyFrog@lemmy.world 3 hours ago
they spend it.
jjjalljs@ttrpg.network 3 hours ago
I did have a coworker that was both a picky eater and didn’t cook. She’d order seamless (GrubHub) for most meals. That’s got to be like… $30/meal, two meals a day so $60, seven days a week, ~$400/week? My monthly food budget is like $200. Plus she’d go out drinking. Guess that adds up. That’s like $100k over five years.
She also had an expensive gym membership she didn’t use and was too shy to cancel.
Kolanaki@pawb.social 4 hours ago
“I am closer to becoming a millionaire than Elon Musk is.”