4 ms·

Also... Who only saves $90k for retirement? You're supposed to have 10x your income, not .9x.

• VLM 13y ago
  One entertaining part about retirement discussions is apparently young people think all old people are executives. Wikipedia "median household income" article claims $29056 for the USA in 2010 for "annual median equivalised disposable household income per adult".
  • thedufer 13y ago
    The article says that he made $100k, and it sounds like he continued to live like he was after the money stopped. If he was living like someone who made $30k, the money would go farther.
  • alexeisadeski3 13y ago
    If only I were young! 10x income is a sliding scale - anyone can and should do that.
    • jborica 13y ago
      Any middle/upper-middle class, healthy American-born person with a caring family, access to good education resources, opportunities to stay employed throughout their life, and a drive to work for the market can and should do that if they live in an area with a demand for new jobs and are lucky enough to stay away from any serious accidents, diseases, and pregnancies. As someone who immigrated here as a refugee without a dollar to my name and a family to feed, I realize how much of a role pure chance and luck play in my successes thus far despite the obstacles.
• pessimizer 13y ago
  The vast majority of people.