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Reply to "How many 55yo that you know in DMV have $3M+ NW?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don’t know for sure, but many have $$$ and take multiple vacations per year, but cry poor and don’t have enough to retire. Makes me wonder if they are truly living hand to mouth but give the illusion of having a lot of money with the lifestyle they are living. In DCUMlandia it seems everyone has HHI of $400k* though the statistics for the area beyond DCUM show that’s higher than most households here. So what is going on? Are they claiming “poor” or middle class just to fit in? Or are they overspending significantly. FWIW only 1% of American households have a NW of $3M by the time they are 55.[/quote] I thought the top 1% had a much higher NW. I have 3mm and i thought i was top 9%[/quote] You would be wrong.[/quote] No, PP is correct. Top 1% in 2024 starts at 11.6 million. -Kiplinger [/quote]
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