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Absolutely in the west too. What makes you think otherwise? Which opportunities are available for common people that don’t have any safety net?
by jiofih 5y ago
Absolutely in the west too. What makes you think otherwise? Which opportunities are available for common people that don’t have any safety net?
- imgabe 5y agoYou said 90%. The 90th percentile income in the US is $125,105 / year for an individual[1]. The kinds of things he's talking about include "open an investment account and invest money", say in an index fund. Are you telling me that every single person making under $125k in the US has no access to open an account at Vanguard and buy index funds? I know from personal experience that that is not true. [1] https://dqydj.com/income-percentile-calculator/ https://dqydj.com/income-percentile-calculator/
- jiofih 5y agoAs I said above, investing in an index fund will certainly help you retire earlier or more comfortably, but will hardly build wealth in the way Sahil talks about in the post.
- boring_twenties 5y agohttps://www.pewresearch.org/fact-tank/2020/03/25/more-than-half-of-u-s-households-have-some-investment-in-the-stock-market/ https://www.pewresearch.org/fact-tank/2020/03/25/more-than-h...