1 Million net worth is now common in the US
>>62632273klok, even I am a millionaire. It's nothing
>>62632273Sofi can make anybody a millionaire. Apply for their credit and watch as their attitude changes.
>>62632273pokemon investors mostly
isn't it crazy how the dollar lost 75% of its value in sixteen years lmao
>>6263227311% of the US is not common
>>62632322If you take out primary residence only like 2% of Americans are actually liquid millionaires
It's just 8-10 years college grad salary now, not impressive at all.
>>62632273Even in my 3rd world country $1 million is not that impressive anymore.Here in Brazil I'd say that $1 million puts you in the upper-middle class, with $2 million being the minimum for the upper class, $10 million for the lower elite class, and $20 million for effectively being in the elite class.
>>62632322Yes it is. It's 1 in 9 people. A randomized grocery store checkout probably has a millionaire ahead of you in line. Something doesn't have to be an experience of the majority or totality to be common.Is Honda an uncommon car to have? Honda is a common car brand too, 9% of cars sold in the US are Hondas. You don't see a Honda and say "oh wow, look at that Honda car wow how rare is that!" Shit a Hyundai, 11% woah!Normies apparently have a really hard time grasping rarity. Like 90th, 95th percentile, even 99th percentile when you adjust for socioeconomics is pretty fucking common. It's only really when you get to 1 in a thousand, ten thousand, 1 in 100,000, million+ that you're talking about something really unusual.
>>62632340No it's actually still like 10% of American households
>>62632273This includes assets like real estate, 401k/IRA, vehicles and other illiquid assets. How many have a liquid 1m? How many have 1m without liabilities that bring down their nw below 1m?Also due to the de-dollarization the value of dollar is not what it used to be. 1m is more like 500k now so you need 2m to be a millionaire.
>>62632273okay now back out plywood box equity which is illiquid and has a 5 figure a year holding cost.
>>62632273It's usually poorfags that don't understand a million doesn't make you rich.And they'll be retarded and imagine I'm talking about some stupidly high standard of living or something. I'm not.A million gets you $40k-$50k a year before taxes, sustainably. If you're talking about blowing a million dollars a year that is a luxurious standard of living but we're not and apparently having a million dollars and spending it all immediately are one and the same for lukewarm IQ retards.Anyways $40k-$50k safely, you pay taxes on that. Pay for a basic apartment, insurance, utilities, cell phone whatever and you're able to drive a used Toyota and maybe take a local flight to see the grandkids and eat at Applebee's, whoop tee do.
>>62632376Thats not true.
>>62632340>>62632376>>62632378Here you go, from the SEC
>>62632356here in eu those are still considered rich because over half of your million goes to the government and you have the mandatory ponzi pension also taking another 20+% tax
>>62632409>>6263240716.4% per household. Number is higher counting wives, which makes sense.
>>62632409Yep nothing there that strictly shows liquid NW. Getting to 1 mil in equities is quite a feat.Its not surprising. A lot of people own a primary residency and a rental or two which gives them little liquidity. My parents for example.
>>62632273if you remove hyper-inflated housing prices, it goes back to 1% of people being millionaires. Oh your $150k shitbox is actually worth $500k now just a few years later? Wow, you're rich.
>>62632273There is a bubble for assets like bitcoin
>>62632450Well considering you could sell it for a 10% haircut at any time plus 5% in agent fees...yes it should be counted. Retard
>>62632378* sells house and rents*What’s the cope now?
>>62632397considering this takes 50% of one's waking hours from ages 18 to 65 to attain this, it sounds like a lot.
>>62632373>>62632409Based on HOUSEHOLD, not INDIVIDUAL. Also includes total networth (i.e. their houses) not the number in their bank account. I don't see what you gain by spreading doomer shit on /biz/, you're a real faggot is all I know.Go be miserable alone somewhere else?>>62632450Yup, it's more like 1% when not including houses. OP is a doomer faggot. Most anons here missed out, either they missed out on BTC, missed out on tech stocks, or missed out on precious metals. They're miserable and take their feelings out on others like little whiny children.
>>62632273most ppl that own houses that are worth 500-600k. most ppl with jobs for years have a 401k with 200-300k in it, its that simple bro. pretty standard.
>>62632565All I can tell you nigger is making AND keeping money is an extremely difficult thing for the vast majority of thos population to grasp and owning real estate is akin to a forced savings account
>>62632522Also includes total networth (i.e. their houses) not the number in their bank account.No it doesn't, that's excluding primary residence.And yeah it's household so it's 16% instead of 11%. But whatever, point is a million liquid is fairly common. Especially when you adjust by age.
>>62632628>nigger making AND keeping money is an extremely difficult thing for the vast majority of the nigger population to grasp Yes
>>62632273Now remove their primary residence.
>>62632273>buy a house in 1970>dont dieCongrats you are noe a millionaire on paper
>>62632273>1 in 9 Americans>>62632409>Households>>62632397To be comfortably upper middle class and retired, you need $5m in treasury bills.
>>62632273Owning your house outright in California or similar states and having some savings on top is enough.
>>62632273>net worthOkay, try selling your house, car and all the appliances inside to actually reach that number on a bank account. It's not possible. This is the same type of gotcha that retards were spamming when Musk was worth a trillion.
This includes home equity which isn't exactly accurate
>>62632457no ones buying your overpriced shitbox, faggot. You are a bagholder and the more time goes by the truer that becomes.
>>62632273>42>have actually round tripped multiple millions multiple times>NW only about $700k right now excluding home equity which shouldn't countI'm so cooked, bros
>>62632464>sells houseKek
>>62632522>n-n-no st-stop being negative!! we're in a golden age! golden age!!!cry migger
>>62632273I don’t care what any of you faggots say, 1/10 Americans do not have 1 million liquid networth if you only include things like savings, brokerage, and retirement accounts.Exclude their worthless shitbox car or plywood temple. Fuck you
>>62632892It's some demoralizing loser, ignore them. Take boomers out of the equation and it's even less. Don't be complacent, obviously being a poorfag is unacceptable but pretending that a million liquid is "normal" is plain subversive
>>6263227330k in 1930s calculated with inflation is literally 1 million today.If you are a millionaire today you are as wealthy as a man who had 30k savings during Hitlers rise to power.
>>62632322That's 1 in every 3 white or asian man.>but what about the black, hispanic and female millionairesLol
>>62632319Bullish for American exports you tard. +financial assets beat inflation, you should have just bought.
>>62633040>it's subversive Not really. You are your social circle. If everyone around you is a poor, retarded pillbilly with 5 figure net worth then of course you think that 1 million liquid is super rare. But if you moved out of your "holler" in bumfuck nowhere Arkansas and moved to New York, got a big boy job doing M&A and started hanging around intelligent people, you'd probably think 10% is a low number and actually it's probably closer to 20% that are millionaires.Realistically, the 10% number seems dead on to me. If that makes you sad, don't worry about it. Not everyone is born to be smart and successful and that's okay. Someone has to scrub the toilets, might as well be you.
nasdaq doubles every 2 year and housing prices doubles every 4 year so ofcourse everyone is billionaireand in usa you save for 401k in europe all pensions are public saved so they are not prviate property
>>62633514>Bullish for American exportsWhat exports? Soya and feedcorn? Lmao
>>62632730Cope moreRanjeet and his 8 cousins already did and they paid full asking plus covered all closing costsThis is happening all over america
>>62633670>This is happening all over americano it's not. existing home sales volumes are lower than in 2008. what's the deal with molested-by-their-fathers sissy hypno humiliation fetish retard cuckolds posting this inane mentally ill nigger nonsense?
>dramatically asset ownership has compounded wealthWho's paying them to avoid calling it what it is? Hyperinflation. It's hyperinflation.Fucking retarded. No actual wealth has been compounded. Fiat dollars are just worth less and less every month.
>>62632273Gee, thanks inflation! We are all worse off from it.
>>62633700Rentoid cope. Make sure you pay first of the month is coming soon
>>62633719i own my home outright.
>>62633732And you can easily sell it for a 15% haircut what part of this are you finding difficult? Go look at the current listed zillow value x .90 and there's your listing price. Include 5% for realtor fees
>>62632273hyperinflation
>>62632273I'm a millionaire but I feel broke because I need to buy a house and get married
>>62633743They should hyperinflate my cock!
>>62632273>>62632522this shit has been posted over and over for months. it must be part of some demoralization campaign, or maybe just a shill campaign for that twitter account.oddly, those posts NEVER got deleted for spamming this board.
>>62632273So you're lower class if you're not part of this 1 out of 9 right?
>another thread of "it's a conspiracee, actually no one is millionaire, I know this because I did zero research and am a retard"still the worst boardfederal data shows 5.82% of population were millionaires excluding all non-financial assets in 2022, "1 in 9" is 11%S&P return from jan 2022 is 74.17% with dividends reinvestedliterally not everyone is a loser, only you are losers
>>62632273i feel like you either have 1+ million in ket assets or you have less 10k
>>62632661>>buy a house in 1970>>dont die>Congrats you are noe a millionaire on paperAnyone who owns a couple acres of property is a millionaire now. On paper, your typical potato farmer is fuck you millionaire. Hell their tractor alone is an asset valued at over a million; the potato fields are in the $10-40 million range. Value the jews will happily demand endless property taxes on.All while this "rich farmer" is making 7 cents a ton selling their yield to Frito Lay and are one bad harvest away from a jewish bank just taking everything and giving it to their rich jew buddies for the price of blighted land, who then sell it to a Walmart for $30 million.
>>62632273Zimbabwe currency.
>>62633514> you should have just bought.with what lmao my lunch money?
>>62633537LMAO seriously? Your response is an anecdotal “but if all your friends are millionaires, it’s normal!!!” With a passive aggressive feminine “don’t feel bad you should scrub toilets” ontop?You’re not worth my time, I’m OBJECTIVELY in the top 5% for my age bracket (25yo), this is only what I keep on the exchange, to say nothing of the physical gold/silver I own + crypto in my hardware wallet. Again, this $150,000 is minuscule compared to my total, but a screenshot is all the effort you’re worth.You’re an insufferable loser, and it’s obvious you take out your frustrations out on randoms on /biz/. You’re clearly miserable, like a toddler throwing a tantrum. You’re a burden, and the world (especially /biz/) would be better off if you never posted here again. Never forget that.
>>62634350>Remove boomers from the equationsuddenly that number dwindles to nothing.>Remove inheritance from the equationsuddenly the number of millionaires is nearly nonexistent.If you’re under the age of 30 with at least 6 figures saved up, you’re doing amazingly well compared to the total. That’s a fact.
>>62632340Exactly.
>>62634716spoken like a toilet scrubber
>>626322731 milli is 500k in 1999 money lol. Basically the cost of a house in a civilized part of the country
>>62634716>>62633537This exchange just demonstrates how chasing wealth is a miserable lifestyle. My net worth is zero, I work when I want to buy something new, don't have a bank account, and will spend today chilling outside and fishing with girls. Someone has to watch the tickers and it might as well be you, heh
>>62632273>le demoralization thread
>>62633514Wow that's so great for the average citizen who isn't a jew.
>>62633341in the 1930s you could buy a meal with the loose change in your pocket. now a dollar doesn't even buy a candy bar
>>62632439>>62632409>>62632450>>62632653>>62632698>>62632855>Excluding home equityAye LMAO poorfags btfo
>>62635581>you could buy a meal with the loose change in your pocket.But that's where you fucked up. It wouldn't be "loose change" in **your pocket** in 1930 because those coins were hard earned. It was the midst of the Great Depression and people earned around 40 cents an hour on average- if they were lucky enough to be employed. Today the average wages are $35 an hour. The cost of a meal was significant in 1930 relative to the labor required. And the food quality was lower due to poorer ingredient access, storage and general cooking abilities, not to mention of a smaller portion size.Retards pretend like they'd be able to take a time machine back and have the money they have now, but they simply wouldn't.
>>62632273Most of that net worth is in illiquid assets like their principal residence. Did you buy a $300,000 bungalow 30 years ago? Congratulations on being a millionaire.The erosion of purchasing power due to inflation and financial disasters in the last 20 years also means $1 million today has a comparable purchasing power to $500,000 in 2006.
>>62636137Uh oh sweaty, primary residences arent included in this one. Do you have a new excuse for being a poor retard now or are you willing to accept that you'll always be a poor loser because you were born gay and stupid?
>>62636137Aye apparently you can't read:>>62635601Lmao
>>62634720peak midwit retard /biz/let comment>"I know this because I did zero research and am a retard" comment, but now IMPROVED, with a graph not actually showing the point I'm trying to makestill one of the worst boards
>>62632273Weimar millionaires. Zimbabwe millionaires. Did you know, every Iranian is a millionaire?
Im a fucking autistic 40 year old loser who cant get rich.
1 million today is only like 250k in 1990 purchasing power.
>>62635601so where are all the really smart anons from earlier? are any of you going to acknowledge this?
>>62635601Given stock market perf. A couple have maxed out 401k for around 10y and with same investment. They could have 1mil. Is that a big surprise?
>>62637272>1 million today is only like 250k in 1990 purchasing power.Is like $300 in 1780
>>62632273>1 in 9 americans>>62635601>householdsis it even the same source?
>>62637347This is the gayest image ever posted on biz
>>62633732Don't pay the land tax and such and see if it's still 'yours' lmao.
>>62636263Yes they are you fucking faggot
>>62635601GODAMMIT
>>62635601>qualified as accredited investors?wut?
>>62632378Many Boomers have houses they bought in the 80s for under $100k that, depending where they live, are valued at $500k+ now. Doesn't mean they have a million in cash or stocks.
Whites are roughly 9% of the world BTW
>>62632410Assets aren't taxed retard, only income. We're talking about net worth here which means assets/savings. In fact property tax is significantly higher in the US than Euroland.
>>62632356$1 million is a lot of money, you have it in an index fund that track the Dow and you are on average generating around $100K a year. Which is liveable, you can live a middleclass lifestyle on that income.Obviously most millionaires don't have that kind of money, they have a house and a pension, and that's their million.
>>62632273>source: polymarket moneynigger wut
>>62633514The house I bought for 800 k is not worth 1.6M does that make me a millionaire if I have 200k in retirement account?
It’s not that hard to get to a million nw Why are poors so lazy and always whining
>>62637266you don't really want it or you would slobber sum cok
>>62637610$1M liquid excluding residence is an accredited investor. That's what the SEC tracks because to participate in more exotic offerings like angel investments and things like that you need to have enough money to show you're not a retarded poorfag. Very basic bar to exclude only the most retarded.
It sounds like a joke, but it’s not even enough to move out in many areas. I have about $820K with savings, brokerage, and retirement, and I still live at home. AI will take most jobs in a few years, so savings need to be higher than ever in order to move out comfortably.
>>62632273Asset ownership didn’t make people richer, it gave illusion of wealth via number go up. Boomers refuse to understand and continue to get excited as their 50k home they bought in the 70s continues to rise in price, while their life style remains the same but their children’s get dramatically worse
>>62634716How come you get 6.5%APR on Coinbase? My APR is only 3.39%
>>62634887If you can hang out with girls as a neet that means you are a Chad and you can just leverage being a Chad and have your harem take care of you financially
>buy a house for $25k in 1986>work your whole life as a low paying wagie>barely any savings at retirement>house now worth $1 millionTHERE ARE LOTS OF MILLIONAIRES NOW!
>>62639615nice house goy your property taxes will be $25,000 per year plus tip
>>62632376Households don’t count. Individuals do. Youre poor.
>>62638793> but their children’s get dramatically worseThis lmao. I was on /neet on reddit and some guy was bragging about “muh wife and kids” after being a neet. I was like bro, your kids will be worse off than you.
>>62638073No lol
>>62639619>diaper shitting boomers cry to elected representatives>"I'M A FIXED INCOME CANT AFFORD THIS">($2k/mo SS + $4k/mo pension + $500k lump sum reverse mortgage + etc)>homestead exemptions for 65+, proposition 13, etc. get passed into law
>>62634887You’re a loser. I get paid for every hour of my life regardless of what I do.
Bro I'm close to 40 and I'm still renting. No family. Don't care. I'm just chilling and waiting for something to bad happen.
>>62639640Nice. Enjoy being in the underclass bro.
>>62639640Bro. I retired in my 20s.
>>62639653>Bro. I retired in my 20s.Sure thing retard
>>62639652I got 30 years till I croak, probably sooner cause I'm a fattie. Who cares, all this materialistic shit is retarded after a point. If you're close to my age, just chillax.
>>6263965930 years of lining the pockets of landlords... yikes.this should bother you.
>>62639663Can't afford anything on single income. Maybe a trailer or RV, which would be doable if my rent became too crazy. I do ok, but not enough to afford a home now.
AND WHEN EVERYONE'S A MILLIONAIRE
>>62639654Hard to believe huh. Thanks.
>>62639706You also know that time goes by fast and we're all the same in the grave. Besides world is ending in 2030, haven't you heard?
If you don't have 1 million USD in 2026, you have a lower class mindset and aren't trying hard enough
>>62639973Yes, you're a lower goy and useful only to the extent money can be siphoned off as you engage in childish labors.
In Weimar Germany people became millionaires overnight selling their furniture when hyperinflation started and everyone thought they were getting richer.
>>62639653>>62639652>Bro
>>62635601Post the link.
>>62632273yeah, but for me 90% of my liquidity of that million is my house and property bought and paid for. i'm living in a very burgeoning city where boomers own most houses and melatonin rich boomers living on MLK jr boulevard on the other side of my city are now getting offers and selling their homes in the $900k to $1 million range so a company can build an upscale apartment complex, a chain restaurant or department store or a medical clinic center over those homes. my house does cut me a retirement check if i ever wanna bail, retire early in the philippines and live like a king until i die
>>62632356basically same as usa. except you have to live in brazil.
>>62641151Lmao you can't paste that into gpt and have it source it in the year 2026? You're really getting left behind.https://www.sec.gov/data-research/statistics-data-visualizations/qualifying-households-under-accredited-investor-financial-criteria
most people are scumbag faggots
