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flvegan

(66,378 posts)

7. "Much of the nation's household wealth sits in retirement accounts" and

Reply to PeaceWave (Original post)

Tue Apr 14, 2026, 05:16 PM

Tuesday

"more about amassing assets that bump up their overall net worth"

Careful ladies and gents, don't go getting that "Millionaires Club" tattoo just yet. Based on those two items from the article, your "wealth" is only a couple negative/bad decisions by other people away from going back to the Thousandaire Club at least on paper.

That said, uh, congrats?

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CousinIT kcoates

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This message was self-deleted by its author [View all] PeaceWave Tuesday OP

In 1950 dollars $1M is inflated from about $75,000 Jacson6 Tuesday #1

And my parents' 3-bedroom house in '63 Igel Tuesday #12

The small house next door sold for about a million GenThePerservering Tuesday #2

I'm guessing this wasn't Umatilla, OR or Igel Tuesday #13

How much of net worth is tied up in home equity? Ilsa Tuesday #3

Yep. Taxable retirement accounts, house, etc. CousinIT Tuesday #11

What percentage of it is the home they live in ? JI7 Tuesday #4

i own 2 homes one inherited and one paid off kimbutgar Tuesday #5

1 million isn't shit these days. CousinIT Tuesday #6

It helps Maninacan Tuesday #8

This message was self-deleted by its author PeaceWave Tuesday #9

"Much of the nation's household wealth sits in retirement accounts" and flvegan Tuesday #7

Yep. A major health issue can wipe you out FAST. CousinIT Tuesday #10