The most prestigious law school admissions discussion board in the world.
|
 |
 
|
About 20% of Americans are millionaires
Poast new message in this thread
Date: November 20th, 2025 6:26 AM Author: Brilliant sinister point friendly grandma https://dqydj.com/net-worth-percentile-calculator/
I remember in the 90s when "millionaire" was preftigious. |
 |
Date: November 20th, 2025 6:27 AM Author: plum kitchen 20% inflation since then friend (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49445614) |
Date: November 20th, 2025 6:27 AM Author: Awkward Mother Double Fault 12.5% if you exclude primary home (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49445615) |
|
Date: November 20th, 2025 6:34 AM Author: violent angry corn cake That many? Then again being a millionaire today is like being worth $500k 20 years ago |
|
Date: November 20th, 2025 8:03 AM Author: racy nursing home dog poop 200k actually (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49445772) |
|
Date: November 20th, 2025 11:21 AM Author: violent angry corn cake (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49446269) |
|
Date: November 20th, 2025 11:40 AM Author: Lascivious Gold Den (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49446312) |
|
Date: November 20th, 2025 11:46 AM Author: Confused poppy associate (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49446324) |
|
Date: November 20th, 2025 9:16 PM Author: .,.,...,..,.,.,:,,:,.,.,:::,...,:,...:..:.,:.::,. (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49448348) |
|
Date: November 23rd, 2025 11:07 AM Author: bungulator (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49453704) |
|
Date: November 20th, 2025 6:29 AM Author: Slimy appetizing blood rage This must exclude crypto and stock holdings, XO assures me that everybody is a millionaire. (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49445618) |
|
Date: November 20th, 2025 6:53 AM Author: Brilliant sinister point friendly grandma 20% is virtually every white person born in America to a family that was middle class or above. (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49445676) |
|
Date: November 20th, 2025 9:46 AM Author: wild range preventive strike (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49445993) |
|
Date: November 23rd, 2025 11:22 AM Author: bungulator (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49453741) |
|
Date: November 20th, 2025 6:30 AM Author: lavender filthy stock car nobody "needs" a million dollars lmao (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49445619) |
|
Date: November 20th, 2025 6:30 AM Author: Slimy appetizing blood rage ? Nobody "needs" electricity but it's nice to have (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49445621) |
|
Date: November 20th, 2025 6:31 AM Author: plum kitchen future price affect by what expectations is (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49445622) |
|
Date: November 20th, 2025 6:33 AM Author: Slimy appetizing blood rage That's what the bilateral, over-the-counter, physically settled energy derivative is for. You can lock in your $/kwh. (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49445624) |
|
Date: November 20th, 2025 6:35 AM Author: plum kitchen that what big bohy do for small guy its not worth trabble (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49445632) |
|
Date: November 20th, 2025 6:32 AM Author: lavender filthy stock car (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49445623) |
|
Date: November 20th, 2025 7:47 AM Author: Slate cruise ship This chick on YouTube has a channel that constantly pops up in my feed. Erin Talks Finance or something. Young, cute chick who talks about retirement planning for the middle class. When she talks about having one million dollars saved, she treats it like this incredible thing. She even says it like Doctor Evil in Austin Powers. One Milllllion Dollars. Which could produce a retirement income of 47 thoussssand dollars. It's like she's a time traveler. (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49445751) |
|
Date: November 20th, 2025 7:54 AM Author: Apoplectic sepia private investor volcanic crater Financial planners treat $1m as the generic desired portfolio size for retirement for middle class people. Obviously, individuals present different circumstances, but $1m is clearly the one size fits all goal. It’s strange because every retiree I know doesn’t even use their portfolio before RMDs. Everyone lives off of their income from pensions, annuities, social security. Financial advisors are all scammy sales people just looking to rifle through your pockets. That goes for the friendly face at Edward Jones as much as it goes for your cute cunt Erin. |
|
Date: November 20th, 2025 8:05 AM Author: racy nursing home dog poop It’s smart marketing to her audience. And 47k per annum plus the same amount from ss plus a paid for home is a decent retirement (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49445774) |
|
Date: November 20th, 2025 8:13 AM Author: Apoplectic sepia private investor volcanic crater You’re missing the part where the retiree doesn’t do anything and doesn’t spend any part of their portfolio until RMDs kick in at 73 and even then, the retiree struggles to spend their money. Then they go to the retirement home and it’s all taken in 6 months.
|
|
Date: November 20th, 2025 8:24 AM Author: racy nursing home dog poop That’s your future, not mine (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49445821) |
|
Date: November 20th, 2025 11:51 AM Author: grizzly chest-beating rehab Same. Gonna live fast and die young (and in any case before dementia sets in) (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49446350) |
|
Date: November 20th, 2025 7:54 AM Author: Violet Splenetic Tank now sort by generation
this is all boomers |
|
Date: November 20th, 2025 8:11 AM Author: histrionic ticket booth Now look around the room and realize that your network excludes 50% of "invisible" Americans right off the bat. So what like 1 out of 3 suburban households is a millionaire in NW? (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49445804) |
|
Date: November 20th, 2025 8:23 AM Author: Apoplectic sepia private investor volcanic crater I look around my neighborhood and I am convinced that everyone is a decamillionaire and I am the only one left behind with a pink little $2.05m net worth. (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49445819) |
|
Date: November 20th, 2025 8:24 AM Author: Insecure arrogant field You should be barbecued alive (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49445823) |
|
Date: November 20th, 2025 8:37 AM Author: Awkward Mother Double Fault Gonna need a custom-built Weber kettle for that (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49445849) |
|
Date: November 20th, 2025 9:42 AM Author: racy nursing home dog poop They make those whole hog smokers out of giant propane tanks. A 500 gallon model ought to do it (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49445990) |
|
Date: November 20th, 2025 9:47 AM Author: wild range preventive strike now consider their mortgages and other liabilities (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49445994) |
|
Date: November 20th, 2025 9:51 AM Author: Apoplectic sepia private investor volcanic crater I have about $2.5m in assets, dragged down by $395,000 in liabilities. 19.5% leverage or something like that. It’s basically killing me all the stress. I don’t know how you could ever borrow more than like 30% of your gross assets. That must be like sweating bullets. Trump did it I guess. Balls of steel and ice in his veins. I wasn’t built that way. (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49446009) |
|
Date: November 20th, 2025 12:12 PM Author: grizzly chest-beating rehab You weren't built at all. You just kind of congealed in your mother's womb one disappointing day (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49446449) |
|
Date: November 20th, 2025 12:17 PM Author: Apoplectic sepia private investor volcanic crater The only race I ever won in my life was when I slithered out of her ahead of the afterbirth. (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49446472) |
|
Date: November 20th, 2025 2:38 PM Author: Fucking Fuckface Now we're talkin'!
*high fives* |
|
Date: November 20th, 2025 12:27 PM Author: Reinhard Heydrich Uunona (✅🍑) I mean consider your neighbors' liabilities, they may be decamillionaires gross, but who much do they owe on that? (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49446526) |
|
Date: November 20th, 2025 10:37 AM Author: Brilliant sinister point friendly grandma same (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49446152) |
|
Date: November 20th, 2025 11:53 AM Author: grizzly chest-beating rehab With the collapse of crypto, I am thoroughly disgusted to know our net worths are similar. Like physically fucking ill and utterly repulsed (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49446354) |
|
Date: November 20th, 2025 10:21 AM Author: impertinent forum scourge upon the earth Roughly 12-18% of US *households* have $1M in assets, but its a stretch to say every member of those households is a millionare (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49446094) |
|
Date: November 21st, 2025 5:09 PM Oh, wow, it's like XO is a bunch of recluse incels who never considered the possibility that there could be more than one person in a household. (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49450284) |
|
Date: November 23rd, 2025 10:50 AM Author: SneakersSO what do you think millionaire means? it always means assets minus liabilities. (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49453658) |
|
Date: November 23rd, 2025 11:03 AM ? Did this reply beam in from mars (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49453694) |
|
Date: November 23rd, 2025 11:25 AM Author: dirigible behemothaur Does it mean that a family of four with $1M in assets is four millionaires? (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49453751) |
|
Date: November 20th, 2025 11:28 AM Author: alcoholic zombie-like space idea he suggested Crazy that ~3M people/1.3M households have a NW of $15M or more. Anyone with that much money who is over 67 should get taxed an extra $50k per year as a pure fuck boomers tax. We should have that as our fall back position if they want to be spared by the death panels. (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49446285) |
|
Date: November 20th, 2025 12:27 PM Author: Procedurally Wonky TP I have almost 7M of net worth and I do not feel wealthy. Maybe if I moved to a LCOL area it would be better. (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49446527) |
|
Date: November 20th, 2025 5:52 PM Author: ........,,,,,,......,.,.,.,,,,,,,,,, I've posted about it before but its really going to fuck up wealth dynamics in America when boomers die and millenials start inheriting their wealth.
Boomers have so much money. My parents had probably lower middle class incomes and they might have a $1 mm estate whwen everything is said and done.
People's whose parents were UMC probably will stand to inherit $5-10 million.
Imagine competing with someone to buy a house who is in their prime earnings year plus got $500,000 - $5 million in free money... |
|
Date: November 20th, 2025 9:19 PM Between boomers booming it away and nursing homes, there might not be enough many large dollar inheritances to move the needle much. (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49448356) |
|
Date: November 21st, 2025 4:00 PM Author: .....;;,,.........;.;.;.;.,;,;,;.;.;,; The nursing home piece is such a wild roulette wheel on the end of everything. My dad bought LTCI but I basically assume they will find some way to scam us anyway. Both his parents had long slow dying phases that were persistent/recurring but slowly progressing cancers and his mom capped it off with Alzheimer’s for the last 18 months. He’s done an admirable job staying healthy but he’s the most left brained engineer ever and Catholic as fuck, so he will cling to every second of life no matter how shitty it gets. He’s probably going to live to his mid 90s based on how well he’s holding up, which, to be clear, is awesome and I’m very proud of him and happy that he will get almost as long in retirement as he did as a working adult. But it seems inevitable that he will be Alzheimer’s/dementia pwn3d enough to require 24 hour care for at least the last couple years. I think if I end up like him I’m 100% down to assisted suicide myself if I made it to 85+ and it means my kids get millions more to protect themselves instead of some fuckface company that owns an assisted living facility taking it off of me. (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49450158) |
|
Date: November 23rd, 2025 10:54 AM Author: SneakersSO Meanwhile we are doing the opposite and continue doing the opposite. "no tax on social security" lol (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49453669) |
|
Date: November 23rd, 2025 11:04 AM Author: bungulator Having ten million today is like having 200k fifteen years ago (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49453697) |
|
Date: November 23rd, 2025 11:09 AM Author: spatchcocked, not stuffed (his own flesh as well as all space was still a cage) Can confirm. I had $200k 10 years ago, now I feel 5x more impoverished with $2.05m. (http://www.autoadmit.com/thread.php?thread_id=5800196&forum_id=2#49453707) |