Regularly I see people here make rather shocking statements about how 100k salary isn't a lot, how they need multiple millions to retire, (in threads like this one yesterday: https://news.ycombinator.com/item?id=18643427 people were suggesting that a million dollars isn't enough to live the rest of your life on for example, while 1 million dollars is higher than MANY people's FIRE number).
I think this article will be a bit sobering, if not unbelievable, to a decent percentage of the HN community.
Chiefly I wany to stress this bit:
>According to the Federal Reserve, the average net worth for families in the U.S. under the age of 35 was $76,200 in 2016. That same year, the median net worth was $11,100, so keep in mind that the average is skewed by a small percentage of affluent Americans.
I think this article will be a bit sobering, if not unbelievable, to a decent percentage of the HN community.
Chiefly I wany to stress this bit:
>According to the Federal Reserve, the average net worth for families in the U.S. under the age of 35 was $76,200 in 2016. That same year, the median net worth was $11,100, so keep in mind that the average is skewed by a small percentage of affluent Americans.