Economy
Related: About this forumThe U.S. Now Has More Millionaires Than Sweden Has People
(Bloomberg) -- The number of wealthy households in the U.S. reached a new high last year, roughly equivalent to the entire population of Sweden or Portugal. More than 10.2 million households had a net worth of $1 million to $5 million, not including the value of their primary residence, according to a survey by the Spectrem Group. Thats up 2.5 percent from 2017.
Read more at: https://www.bloombergquint.com/markets/the-u-s-now-has-more-millionaires-than-sweden-has-people#gs.1ephuw
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Summary of Trump Economy--Rich get richer (3% population), the vast middle class going nowhere.
We need Senator Elizabeth Warren as president more now than ever. She has the most coherent plan
for the economy and to grow the middle class.
rampartc
(5,263 posts)or the economic system.
Abnredleg
(663 posts)will generate approximately $40,000/year, which is below the median household of $56,000. The 10.2 million households with a net worth include a lot of working class people who were fortunate to save enough over 40 years to build a decent nest egg for retirement. Unfortunately, the killing off of pensions and lack of jobs with a liveable wage have placed this dream out of reach of most working people.
Farmer-Rick
(10,071 posts)And how much you withdrawal.
I once sat down and calculated how old I would be when I will have collected a million dollars from my military retirement. It doesn't take as long as you might think.
Abnredleg
(663 posts)if you want your retirement money to last 30 years.
at140
(6,110 posts)In United States the secret is staying healthy!
Since I have very few health issues, I can live comfortably on
social security plus about $1200/mo additional money.
I take 3 or 4 cruises of 7 days every year from Florida ports.
The day I stop or unable to continue my exercise routine, is when my health
maintenance will become expensive. I signed up for a Humana MedicarePlus
plan which is designed for healthy individuals, which costs nothing per month,
actually pays me $55/mo to stay in the plan.
Response to at140 (Original post)
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