Comment Won't everyone be a millionaire? (Score 1) 467
At least, won't everyone who's paid a middle to upper middle class wage, buys a house and saves for retirement eventually be a millionaire?
If you want to retire at 65 and have enough money to live a decent life for 30 years after that, you need pretty close to a million dollars plus a paid-off house. And, frankly, it's not that hard to accumulate a million dollars of net worth over a ~40-year career, assuming reasonable returns on your retirement account and modest appreciation on your home. I'm actually targeting net assets of two million for retirement, given that it's still 20 years away and I expect that inflation will roughly halve the value of the dollar between now and then.