4 ms·

Many people end up in the 1% for a single year via sale of business, stock, etc. There's a huge difference between that type of 1% for a year and age 30-40 dua

Many people end up in the 1% for a single year via sale of business, stock, etc. There's a huge difference between that type of 1% for a year and age 30-40 dual (or very high single) annual income earners. The former may retire with a $1-5M net worth, the latter is either spending heavily or retiring with a $10M+ (and likely $20M+ with reasonableiinvestment returns) nest egg.

Gibbon1 7y ago
There is also a difference between a $150k/y family with two wage earners and one with a single wage earner. The former is likely paying for day care, etc and have higher family expenses. And a lower quality of life in general. Gets worse as you go down in income. Try two wage earners at $60k/year.