4 ms·
One of the best definitions of “rich” that I’ve come across is a top 1% income based on a perpetual withdrawal rate of dividends alone (about 3%). This puts th
by nugget 7y ago
One of the best definitions of “rich” that I’ve come across is a top 1% income based on a perpetual withdrawal rate of dividends alone (about 3%). This puts the wealth threshold around $15m for most US states and around $25m for the Bay Area.