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re: The average 50 year old in the U.S. is now a millionaire.

Posted on 1/15/24 at 7:18 pm to
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
13936 posts
Posted on 1/15/24 at 7:18 pm to
Everyone always brings up median in threads like these. But the median numbers are putrid.

Don’t be like the median.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48935 posts
Posted on 1/15/24 at 7:20 pm to
quote:

Everyone always brings up median in threads like these. But the median numbers are putrid

Me and Elon have an average net worth of 115 billion and some change.
Posted by crewdepoo
Hogwarts
Member since Jan 2015
9664 posts
Posted on 1/15/24 at 7:21 pm to
quote:

Top Replies


Look at chicken fact checking tigerdroppings
Posted by Buds4
Unfortunately, Earth
Member since Oct 2022
158 posts
Posted on 1/15/24 at 7:23 pm to
I am always intrigued by who downvotes a post that is obviously truthful and pragmatic. So many weak men these days that think they *deserve* something. How about you man-up and fight like your Gen-X daddies had to do? Weenies.
Posted by tketaco
Sunnyside, Houston
Member since Jan 2010
19693 posts
Posted on 1/15/24 at 7:24 pm to
How many times divorced?
Posted by skiboman1
Cody, Wyoming
Member since Oct 2007
401 posts
Posted on 1/15/24 at 7:27 pm to
$1,000,000 isn’t impressive anymore. $10,000,000 is yesterdays millionaire.
Posted by East Coast Band
Member since Nov 2010
62940 posts
Posted on 1/15/24 at 7:27 pm to
quote:

Everyone always brings up median in threads like these. But the median numbers are putrid.


Alabama and Vanderbilt averaged 3 national titles each while Saban was at Alabama
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2141 posts
Posted on 1/15/24 at 7:27 pm to
quote:

And then you’re homeless if you sell or spend more moving


Do you understand you keep the equity when you sell a home? Minus transaction costs of course but if net worth is tied up in a home you wont wind up homeless if you sell.
This post was edited on 1/15/24 at 7:56 pm
Posted by crewdepoo
Hogwarts
Member since Jan 2015
9664 posts
Posted on 1/15/24 at 7:28 pm to
quote:

If the average (mean) is $1M yet the median is $300k, this is roughly how the histogram would look:
I smell bs
Posted by LSU82BILL
Fort Lauderdale, FL
Member since Sep 2006
10338 posts
Posted on 1/15/24 at 7:29 pm to
quote:

Meh, the uber rich drive this "average"


Yep. If Mark Zuckerberg was sitting in Tiger Stadium and every other person sitting in those seats was flat broke, the “average” person in that stadium would be worth $1.3 million.
Posted by Barneyrb
NELA
Member since May 2016
5153 posts
Posted on 1/15/24 at 7:29 pm to
But being a millionaire now doesn't have the same weight as it did 30-40 years ago, not by a long shot
Posted by TBoy
Kalamazoo
Member since Dec 2007
23895 posts
Posted on 1/15/24 at 7:30 pm to
quote:

The average 50 year old in the U.S. is now a millionaire

That is certainly accurate for me. Seems if you have a 401k and own a house, this shouldn't be too difficult to do.
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
7939 posts
Posted on 1/15/24 at 7:31 pm to
Imagine being so out of touch with reality that you believe this.
Posted by GeorgeTheGreek
Sparta, Greece
Member since Mar 2008
66538 posts
Posted on 1/15/24 at 7:33 pm to
quote:

if you don't have a million dollar net worth by age 50, you've made some major mistakes in life


This.
Posted by SneezyBeltranIsHere
Member since Jul 2021
2522 posts
Posted on 1/15/24 at 7:35 pm to
America has opportunities like nowhere else. Anyone in their 40s who isn't financially comfortable is either stupid or lazy.
Posted by GreatLakesTiger24
One State Solution
Member since May 2012
55920 posts
Posted on 1/15/24 at 7:36 pm to
quote:

Ne'er-do-wells/ wealth-inheritors that do not deserve their inheritance ALMOST ALWAYS put their assets back in to the system because they are incapable of not losing their fortune. The system fixes itself.

cope
Posted by Ziippy
Member since Aug 2023
1045 posts
Posted on 1/15/24 at 7:36 pm to

Average, not median.


Elon Musk walks into a bar with 30 people. The average person in the bar in a billlionarie.
Posted by GreatLakesTiger24
One State Solution
Member since May 2012
55920 posts
Posted on 1/15/24 at 7:38 pm to
quote:

So many weak men these days that think they *deserve* something. How about you man-up and fight like your Gen-X daddies had to do? Weenies.
you're crying about airbnbs
Posted by JasonDBlaha
Woodlands, Texas
Member since Apr 2023
2450 posts
Posted on 1/15/24 at 7:38 pm to
Having a million dollars is now the equivalent of having $500,000
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65996 posts
Posted on 1/15/24 at 7:41 pm to
quote:

That is do to the top being so high.
That is dew to the top being so high.

That is doo to the top being so high.

That is due to the top being so high.

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