Comment by tastyfreeze
2 days ago
This is absurdly false. The serfs can become kings as evidenced by newly minted millionaires every year. However, the reverse is also true as there are plenty of fortunes lost as well.
2 days ago
This is absurdly false. The serfs can become kings as evidenced by newly minted millionaires every year. However, the reverse is also true as there are plenty of fortunes lost as well.
Yes, yes, we're all temporarily-displaced millionaires.
You surely won't become one by griping about the unfairness of other people's success to a bunch of strangers.
500k new millionaires in 2023 in the US. Why can't you be one of them in a coming year?
> 500k new millionaires in 2023 in the US. Why can't you be one of them in a coming year?
I know it's a rhetorical question, but the actual answer is "because I feel like it would require more work than it would be worth".
Of course, all the millionaires I personally know got there through 95% luck, so who knows! Maybe I'll personally be cursed to follow their path.
That's about forty times my annual salary, ignoring expenses. Living like a miser for my entire working life, I could become a millionaire – though not a multimillionaire.
The serfs can become kings
The odds of a poor person becoming a rich person in America is extremely low and socioeconomic mobility in the US is getting worse all the time. I'd guess that most poor people have better odds of getting hit by lightning. A lot of new millionaires are property owners. Anyone who gets their money from real estate is not a serf.
Being a millionaire is table stakes for a minimal retirement, not being fabulously wealthy. Not something particularly impressive
In USA, it's something like 15% of the population is millionaires, IIRC. Being the special 3 out of 20 - I'd say is impressive.