My grandfather’s day, if you had 1M (he inherited more than that) you could live

My grandfather’s day, if you had 1M (he inherited more than that) you could live any reasonable life you could imagine.

Back in my father’s day (thirty years ago) if you owned your house, had 1M in savings, and Social Security you were in pretty good retirement condition – depending upon your expenses (some of us are cheap others are expensive). 😉

In my day, by 2010 2M was the minimum and in 2024 it’s approaching 3M.

Now most of this has to do with housing and taxes, but if you study my (our) work you’ll find that everything in the USA is inflated but that we can fix that problem relatively easily with simple changes that will take about ten years to play out.


Source date (UTC): 2024-03-04 19:03:34 UTC

Original post: https://twitter.com/i/web/status/1764728409479847936

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