This cartoon from The Seattle Times illustrates how America’s economic pizza is actually sliced per capita, highlighting the massive disparity between the Top 1%, the merely wealthy, the upper middle class, and the lower 50%.
This cartoon from The Seattle Times illustrates how America’s economic pizza is actually sliced per capita, highlighting the massive disparity between the Top 1%, the merely wealthy, the upper middle class, and the lower 50%.
What do you mean by 4 dollar-digits of liquidity? Like $1000? That feels a bit low unless you’re in a country where the yearly income is 1-2K.
It’s even lower than you’d think. The cutoff for basically never needing to work again in your life is around $1M so top 18% of the US. At that point as long as you’re willing to live off 30-40K and invest in index funds statistically you’ll only ever get wealthier. (at least historically for the last several decades)
Haha yeah sorry I was struggling to convey that properly. US American here.
Like, after the paycheck comes in, and we pay all the bills, yeah having some 1000’s just left over to decide what to do with would be quite cushy.
We’re a couple that both work decently paying part times. Living with family makes that possible, but unavoidable debts (and climbing insurance rates) the last few years balanced it out.
So I mean, we live comfortably and we’re materially content. But also times are really scary where another 2008 could hit us real bad.
So it’s still weird imagining people just having lots of padding floating around. Lol