re: How much money do people need to retire?

quote:

---

What do you mean by family wealth? Like a stable family that has the means to provide a good upbringing and perhaps reduces your need for student loans/daycare type thing?

Or are you talking about a big fat inheritance?

---

Your first example isn’t even ‘wealth’, much less significant.. it is simply what you already said, ‘stable’ and comfortable…. Im more referring to your second example .

Inflation might come down in 2025 or 2026, but the middle class is quickly becoming extinct, and unless you are in the- let’s call it 7% of Americans, 12% of Americans- im no economist so im not sure the exact percentage- but if you are not from that particular class- there’s just no way you’ll be able to keep up and you’ll be a slave to debt for most of your life.. to me, the answer is “geographic arbitrage”, or using US dollars that you make in ur 20s, 30s and 40s, then taking those dollars to live a comfortable life in South America or Asia, or similar.. OR moving to one of those areas and working 100% remotely.. it’s the only way to ‘beat the system’, or to even keep up IMO.. then again, im just some random idiot on the internet .