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Because 70% Americans have less than $1,000 in their savings account, let alone taxable brokerage accounts [1]. Living off cap gains is not even on most people'
by ng12 9y ago
Because 70% Americans have less than $1,000 in their savings account, let alone taxable brokerage accounts [1]. Living off cap gains is not even on most people's radar. If you're really interested there's a pretty interesting Reddit community based around saving for that goal [2].
1. https://www.cnbc.com/2017/06/13/heres-how-many-americans-have-nothing-at-all-saved-for-retirement.html https://www.cnbc.com/2017/06/13/heres-how-many-americans-hav...
2. https://www.reddit.com/r/financialindependence https://www.reddit.com/r/financialindependence