I completely agree. A frugal 30/40 something can have 1.2m net worth mostly locked up behind 401k and home value. Both of which do nothing for that persons dai

I completely agree. A frugal 30/40 something can have 1.2m net worth mostly locked up behind 401k and home value. Both of which do nothing for that persons daily life. Can’t unlock home equity because they need a place to live. Not unlocking 401k value because… we’ll they are frugal and that is a bad idea. While they are definitely well off, perhaps upper middle class, it is a vastly different lifestyle than 20mm net worth.