https://finance.yahoo.com/news/almost-third-millionaires-us-now-120000548.html
A growing number of the nation’s millionaires and high-income earners are abandoning the dream of homeownership entirely and opting to rent instead.
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this post was submitted on 21 Nov 2023
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chapotraphouse
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A million ain’t what it used to be.
To retire from wage slavery with reasonable comfort in America today is to have saved up enough capital to live off of the 4% rule, and that means say ~$1.5–5M, depending on location.
If you’re one of the increasingly very few with a decent pension, things aren’t so different. While you don’t have direct control of the capital, you’re still living off its spoils.