- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Nearly 160,000 civil servants are millionaires?
Posted on 2/23/25 at 2:16 pm
Posted on 2/23/25 at 2:16 pm
17
Posted on 2/23/25 at 2:17 pm to Night Vision
Devil's advocate:
Market growth in '23 and '24 could have easily pushed heavily tenured employees to the 7 figure mark.
Market growth in '23 and '24 could have easily pushed heavily tenured employees to the 7 figure mark.
Posted on 2/23/25 at 2:19 pm to HempHead
quote:
Market growth in '23 and '24 could have easily pushed heavily tenured employees to the 7 figure mark.
Yep, there are multiple things that could explain this.
Posted on 2/23/25 at 2:20 pm to High C
quote:
Yep, there are multiple things that could explain this.
I certainly wouldn't suggest or believe that there are no bad actors, but it's also completely normal for a 50 or 60 something year old in federal service with decent financial habits to become a nominal millionaire.
Posted on 2/23/25 at 2:23 pm to Night Vision
Read the whole article…is it that hard? OP is disingenuous…it’s called a 401k - the Thrift Savings Program. Anyone in America who had a 401k invested in an S&P 500 index fund also did just as well.
Posted on 2/23/25 at 2:27 pm to Night Vision
They all just copied Pelosi's stock trading methods.
This post was edited on 2/23/25 at 2:28 pm
Posted on 2/23/25 at 2:55 pm to Night Vision
quote:.
160,000 civil servants are millionaires?
some of us would have guessed it was plumbers
Posted on 2/23/25 at 2:59 pm to Night Vision
quote:Frankly, sounds low to me. Depending on how they measure it, any mid or late career government worker who even quasi-competently stocked their 401K should easily be a millionaire. Being a millionaire isn't really what it used to be anyway.
Nearly 160,000 civil servants are millionaires?
ETA: Doubly true if they bought their house back in the day (triply true for DC area people).
This post was edited on 2/23/25 at 3:00 pm
Posted on 2/23/25 at 3:01 pm to High C
quote:
Yep, there are multiple things that could explain this.
To more than double the amount in 2 years? Yes, there are multiple things that can explain but the majority of credible "things" will be fraudulent.
Posted on 2/23/25 at 3:03 pm to Night Vision
Shiiiiiiit. I'm a millionaire and I'm just a municipal cop. As long as you live within your means, own your home, and have been investing for 25-30 years, it isn't that hard. Like someone else said, being a millionaire isn't what it used to be.
Posted on 2/23/25 at 3:05 pm to Tantal
quote:
Shiiiiiiit. I'm a millionaire and I'm just a municipal cop. As long as you live within your means, own your home, and have been investing for 25-30 years, it isn't that hard. Like someone else said, being a millionaire isn't what it used to be.
You need about $20m to be comfortable the way these drunken sailors print money in DC.
Posted on 2/23/25 at 3:06 pm to GerasimosNina
quote:
Read the whole article…is it that hard? OP is disingenuous…it’s called a 401k - the Thrift Savings Program. Anyone in America who had a 401k invested in an S&P 500 index fund also did just as well.
For the majority of people here, yes, it’s very hard to read an entire article before posting and drawing conclusions based on a thread title.
Posted on 2/23/25 at 3:14 pm to HempHead
(no message)
This post was edited on 3/1/25 at 1:43 pm
Posted on 2/23/25 at 3:19 pm to Night Vision
1 in every 15 people are "millionaires" now
This post was edited on 2/23/25 at 3:19 pm
Posted on 2/23/25 at 3:21 pm to lsuconnman
quote:
There’s 3 million government employees. It shouldn’t be surprising to see 160k millionaires.
True. That comes out to 5% of all government employees being millionaires. They are probably near retirement age.
Most probably started their career earning shite wages.
Sincerely,
Recently retired millionaire government worker who started his career making shite wages.
Posted on 2/23/25 at 3:23 pm to Night Vision
All stolen from the American taxpayer
Posted on 2/23/25 at 3:24 pm to Night Vision
Wish I was one, but I have real job that I do and not a made up one. 
Posted on 2/23/25 at 3:27 pm to Night Vision
I’m MAGA AF but having a net worth of a million dollars after 30-40 years of work in a professional career is not that big a deal. Now, going from a thousandaire to multimillionaire after a couple of terms in congress at $174,000 a year is suspicious.
Posted on 2/23/25 at 3:32 pm to Willie Stroker
3rd quarter 2024 Fidelity had 544,000 401 K millionaires and 418,111 IRA millionaires.That’s just Fidelity,I didn’t look Schwab or anyone else.
1 million in 2025 has purchasing power of $531,367 in 2020 dollars.
Million dollars ain’t what it used to be.
Correction: It should have been year 2000.
1 million in 2025 has purchasing power of $531,367 in 2020 dollars.
Million dollars ain’t what it used to be.
Correction: It should have been year 2000.
This post was edited on 2/23/25 at 7:49 pm
Posted on 2/23/25 at 3:34 pm to LSUA 75
quote:
1 million in 2025 has purchasing power of $531,367 in 2020 dollars.
Surely it hasn't been that bad.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News