And if I’m wrong and everyone is actually doing it, how is it sustainable in the long run? I mean, we can’t all be millionaires.
And if I’m wrong and everyone is actually doing it, how is it sustainable in the long run? I mean, we can’t all be millionaires.
It’s actually technically correct that we all can be millionaires, at least on a household basis. The mean household wealth in the US was $1.06 million as of 2022, by now it’s undoubtedly higher. So with a full redistribution of wealth every household would have over $1 million.
In reality though the median household wealth is just under $200k as of 2022, and doesn’t rise as consistently so who knows where it is now.
So half of US households have less than 200k to their name lol
Ie half the country got nothing in practice.
200k wont save you from a catastrophic health event. Your family is BKed