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re: One Out of Every 24 New York City Residents Is Now a Millionaire

Posted on 5/8/24 at 10:42 am to
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
61418 posts
Posted on 5/8/24 at 10:42 am to
Now eliminate the trust fund kids and real estate.
This post was edited on 5/8/24 at 10:43 am
Posted by LSUfan4444
Member since Mar 2004
53974 posts
Posted on 5/8/24 at 10:44 am to
quote:

real estate.


If you own real estate in NYC, you're well beyond a millionaire.
Posted by Y.A. Tittle
Member since Sep 2003
101731 posts
Posted on 5/8/24 at 10:51 am to
quote:

Now eliminate the trust fund kids and real estate.


The "trust fund kids" are probably keeping the percentage lower than I'm otherwise inclined to think it would be. Most of them probably don't have PERSONAL NET WORTH on paper at that amount, but can still live relatively comfortable lifestyles thanks to their family "supplements."
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