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A minor aside, but what a particular way to measure millionaire-ness. Surely you need to own a million or more to be a millionaire, not "merely" earn that sum o
by WJW 7y ago
A minor aside, but what a particular way to measure millionaire-ness. Surely you need to own a million or more to be a millionaire, not "merely" earn that sum on a yearly basis? So many people I know live paycheck to paycheck and that seems to only marginally decrease as wages go up. People just start buying more expensive shit.
- croon 7y agoIf you make make a million a year and don't have a million saved in two, you're doing everything wrong.
- pauljurczak 7y agoYou are right about the net worth. "Everyone is earning a million on average" - is technically more correct. You are also right on human behavior. Unfortunately, most people have no practical limit on buying expensive shit when their income increases. Thank you Madison Avenue!
- astura 7y agoSomeone who has a net worth [net worth = sum of assets minus sum of liabilities] of at least a million dollars is a millionaire.