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kelsierFe commented on The wealthiest 10% of Americans own a record 89% of all U.S. stocks   cnbc.com/2021/10/18/the-w... · Posted by u/batmaniam
tut-urut-utut · 4 years ago
Poor? No.

But wealth and income (from work) don't have anything in common. You may earn those 100k year after year, but it would still take quite a while until you land into the wealthiest 10%, if ever.

kelsierFe · 4 years ago
From that same site, 90% net worth is ~1.25m. https://dqydj.com/net-worth-percentile-calculator-united-sta...

If you contribute 2k a month at 7% interest that would take you 23 years. A long time yes, but certainly achievable on a 100k salary. Of course I know the interest rate might not be that going forward, but the point still stands.

u/kelsierFe

KarmaCake day1May 19, 2021View Original