That's the point of the article. Most people who think of themselves as "middle class" aren't because they live in a high COLA (Cost of Living Area), so that nothing net remains, or they are too spendthrift and high time-preference to save and invest wisely.
Net assets > high income
And you don't need $500k. He estimates that you just need a bit over 6-figures per household.
pipe
npub1qf…fj6kq
2023-11-20 05:14:10
in reply to nevent1q…5sfm
Author Public Key
npub1qfkcklnmes45z75y7y8dkud5yll8vp5eq5ysk9rmgqdxeasv8unsrfj6kqPublished at
2023-11-20 05:14:10Event JSON
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