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[quote=Anonymous][quote=Anonymous]NET WORTH OF THE 95TH PERCENTILE Top 5% 40-49 $2,551,500 50-59 $5,001,600 60-69 $6,684,220 Data source: Federal Reserve.[/quote] This is 401K wealth and house wealth. A lot of people will be retiring with millions at 65, it will make boomers look like poor cousins.. I wonder what the economy will be like and how much wealth transfer will happen with all these people starting to live large at 65 or deciding to give money to their kids/grandkids. I wonder what will happen to inflation when all this money becomes liquid and available for spending. Everyone not in top 5% is going to feel major squeeze [/quote]
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