- 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
0
Posted on 1/16/24 at 8:48 am to jmarto1
quote:
I dream of a dual income household
It's quite nice, especially when she's a high earner.
People need to understand marriage is about love but also a business decision. It can improve or hurt you financially.
Posted on 1/16/24 at 9:15 am to Motownsix
quote:
The average 50 year old in the U.S. is now a millionaire.
117,000,000 people over the age of 50 in USA.
That’s a shite ton of millionaires according to your nonpolitical narrative.
Posted on 1/16/24 at 9:42 am to cyarrr
I think the amount of kids u have directly effects your ability to amass a milli....U could have a million on paper but still live paycheck to paycheck because it's not liquid. And if it was liquid, you wouldn't be a millionaire for long
Posted on 1/16/24 at 12:04 pm to Motownsix
I can believe that the average 50 year old has $1 million in wealth from home equity, retirement savings, etc.
I think the people who are 20-30 years old now will struggle to get there. The motivated ones will do fine though, but they may have to move and reinvent themselves more frequently.
I think the people who are 20-30 years old now will struggle to get there. The motivated ones will do fine though, but they may have to move and reinvent themselves more frequently.
Posted on 1/16/24 at 1:07 pm to Motownsix
Growing up being a millionaire meant you were wealthy. These days it's more like upper middle class. I'd consider 5 mill plus to be the next level of wealth.
Posted on 1/16/24 at 1:41 pm to Motownsix
quote:This article really pisses me off. First off, it appears they are implying household (head of household) net worth as equivalent to individual net worth. Second, applying statistical "average" in a report like this is absolutely stupid. Appropriate analyses like these are always Median, not Average. So $300K net worth, not $1M.
The average 50 year old in the U.S. is now a millionaire.
Posted on 1/16/24 at 1:50 pm to Dadren
quote:
I agree with you and Mike da Tigah that it is definitely clickbait, but it’s also factually correct. The average for 50 year olds is a million.
They use the word average in a way that describes the person, rather than the amount in the bank account.
“50 year olds are worth an average of a million dollars” would be a factually accurate statement.”
Their statement that “the average 50 year old is a millionaire” is intentionally misleading at best, and I would argue factually inaccurate.
Posted on 1/16/24 at 1:52 pm to TBoy
quote:
I’m on track to pay about $375k in tuition and costs.
My kids already know they're on a budget. If they want to spend alot of money on college, they're going to need scholarships, and I don't pay for grad school.
Posted on 1/16/24 at 2:07 pm to Dragula
quote:
People need to understand marriage is about love but also a business decision. It can improve or hurt you financially.
I only wish they would change the laws so you are 20% vested each year and not 100% vested till year 6.
Posted on 1/16/24 at 2:55 pm to Dadren
quote:It appears they misrepresented household net worth based on the age of "family head (or reference person)" as if it was individual net worth.
If they had lied or misrepresented something
Posted on 1/16/24 at 7:08 pm to TBoy
quote:
That is certainly accurate for me. Seems if you have a 401k and own a house, this shouldn't be too difficult to do.
It shouldn’t be, but it seems it is. A lot of people making poor financial decisions throughout their lives
Page 7 of 7
Back to top
Follow TigerDroppings for LSU Football News