You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
41 million Americans can't make ends meet
- Thread starter a529612
- Start date
Most Americans would take $1,000,000 versus what they have now.
Quote from plugger:
Really? I consider $2 million to be a lot of money and I'm 100% certain I could lead a very nice lifestyle, never wanting for anything.
But I guess it's a matter of personal preference. One man's poverty is another man's wealth.
Quote from Cesko:
Negative savings?? Cliche.
Total assets,net worth of American family is way up.
you said it yourself, middle class is a thing of the past... the significant segment of the population that don't own homes or retirement portfolios are subsidizing the ones who do via inflation. most of us probably know people all across that spectrum... whether they're middle/upper class households who have realized inflation in their hard assets to offset their costs, kids who haven't established wealth yet and may or may not be priced out, workers on the margin who borrow to keep the status quo, etc
so maybe a good question would be, are most americans benefitting or are most americans subsidizing? is the ratio trending against most people?
Quote from Nanook:
"Just a generation ago, a person with $2 million or more in liquid assets would have had enough for a secure retirement. But not today. Combine longer life expectancies and the rising costs of health care, food, transportation and property, and you have financial challenges ahead for the mMillionaire (middle-class Millionaire)."
http://finance.yahoo.com/focus-reti...Unable-to-Retire?mod=retirement-post-spending
Anyone who had the brains to accumulate $2 million can also earn 15% returns safely for the rest of their lives. That means $300,000 /year to live on every year. Give me a break.
Quote from day7793:
Poverty in America comes with cable TV, DSL connection, Nike shoes, Motorola Razr phones and Gap shopping experience.
The poor in the US live far better than the average upper middle-class in 90% of the rest of the world. Hints to the astronomical wealth that resides in the US.
If the Amish can get by with little to no money, so can almost everyone else. There are dirt cheap houses out there in this country, once you get out of NYC, Los Angeles, and other overpriced, overhyped, crowded areas of the country. Live off the land and get rid of the car. Use a horse and buggy to get around or a bicycle. Get rid of some of your utilities, like cable and a home phone. Use a cell phone only, if you can. Use a wood burning stove for heat to save on your gas or oil bill. If you're willing to live a life that you've never known before, you can do it with very little money.