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  • Mayoman68@lemmy.world
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    1 year ago

    Millionaires are definitely still well off but just to make a point: the average value of a US house is $450k. Add to this a $250k retirement fund and you’re already up to 0.7M in net worth.

    • redballooon@lemm.ee
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      1 year ago

      Does the average person in America also own an average house? Without knowing the statistics I think what you describe there might fit for upper middle class.

      And there’s still quite a way to go before millionaire.