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Money and Finances
Reply to "why do so few people have two million dollar 401ks/IRAs?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My God, OP. [b]Do you have people who feed you grapes? [/b]Have you ever been in contact with an average-earning person in this country? The average income for an adult male in the United States is around $44,000/year. For women, it's about $10,000 less than that. And yet, you wonder why they can't save $2 million dollars. Geez.[/quote] I love you. [/quote] I'm female and have had $30k salary for the last 29 year. My NW is ca a million. Would be two if I had know anything about investing day one. It can be done on low salary, but it takes some knowledge and superb money management/ brains, which most people don't have or they would make a lot more. Also, can't have health problems or emergencies, ever.[/quote] Compounding is an amazing thing, but not sure if it's that amazing.[/quote] I like you - this is total BS[/quote]
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