MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Jonathan Clement's Blog: Don’t Call Me That: “You’re wealthy.”

TedTed
in Fund Discussions
FYI: YOU KNOW HOW certain things people say stick in your mind. Often, it’s a hurtful insult. But for me, the words I can’t forget are, “You’re wealthy.”

I live in a 90-year-old house on a small lot, my wife’s car is 12 years old, our television is 10 years old and the last time I bought a new suit was a dozen years ago. Okay, it’s true, I don’t wear suits very often these days.

Still, until someone uttered those two words to me, I’d never thought of myself as wealthy. But the data shows I am. Who knew?
Regards,
Ted
https://humbledollar.com/2019/02/dont-call-me-that/

Comments

  • InvestorInvestor
    Interesting article. From that you can jump to the article containing the calculator.

    https://dqydj.com/net-worth-percentile-calculator-united-states/

    Here there is an interesting graph towards the end comparing 2013 vs 2016. Wealth has increase in every decile but the top earner's income grew seems to have grown faster than the others. Maybe, this can be attributed to that group having more assets in the markets, people living in the main street saw their incomes largely stagnating.
Sign In or Register to comment.