"For Millionaires 'Wealthy' Is $7.5 Million"

[Napolean]

That sounds good, but you're wrong unless we're all allowed to make up new definitions of words when ever we want.

How so? The cost of living goes up due to inflation, and the dollar buys less. If you are retiring today with $1 million in the bank, without spending a dime, you can count on that $1 million to have $500,000.00 to $800,000.00 in purchasing power 10 years from now. That's actually with a healthy economy, we don't even have that.

 

[lwbco]

How so? The cost of living goes up due to inflation, and the dollar buys less. If you are retiring today with $1 million in the bank, without spending a dime, you can count on that $1 million to have $500,000.00 to $800,000.00 in purchasing power 10 years from now. That's actually with a healthy economy, we don't even have that.

uhmm, well, dumbass, what he was saying is that the word "millionaire" means "1,000,000" and "multi-millionaire" means technically "2,000,000+"

jesus christ i dont know how some of you find enough oxygen to keep your blood red.

 

[crackp0t]

How so? The cost of living goes up due to inflation, and the dollar buys less. If you are retiring today with $1 million in the bank, without spending a dime, you can count on that $1 million to have $500,000.00 to $800,000.00 in purchasing power 10 years from now. That's actually with a healthy economy, we don't even have that.

The definition of millionaire means you have one million or more units of X currency. Yes, the status of millionaire can mean jack shit. For instance we're all technically millionaires in one currency or another, but it doesn't mean our buying power means anything.

 

[Insomniac]

How to be ‘Comfortably Poor’ on $3 Million - The Wealth Report - WSJ

There is a second scale for liquid assets.

 

[Yngwie-TB]

just took a look at my bank account and it's looks like I'm $7 499 970 short. haha