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Comment on People who say 'the rich get richer, the lazy live for free, and the middle class pays for it all' don't realize how expensive it is to be rich and how close middle class is to being below the poverty line.

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OneOrTheOtherDontAskMe@lemmy.world ⁨1⁩ ⁨week⁩ 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.

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SparroHawc@lemmy.zip ⁨1⁩ ⁨week⁩ ago
Multi-millionaires are well-off. Rich is being able to throw your money around to get what you want. That doesn’t really hit until you’re at the five-million mark, in my opinion. Any less and you’re in the ‘I have a big home and also a summer home’ level, where you own some expensive luxuries but aren’t quite at the ‘I have staff to do that for me’ level.

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