Yes. Both the cashiers making minimum wage and the boomers with $2m in their retirement savings are working class, as hard as that is to swallow.
The difference between $1million and $1billion is functionally impossible to properly imagine. The former might get you through retirement if you’re lucky and don’t get bankrupted by medical debt (in the US at least). The latter is impossible to spend in a full lifetime.
I like the analogy of 1 million being a glass of water and saying you have to drink 1 glass of water in a day to make a million. You have to have a room full of people to finish 1000 glasses of water in a day to make a billion.
Yes. Both the cashiers making minimum wage and the boomers with $2m in their retirement savings are working class, as hard as that is to swallow.
The difference between $1million and $1billion is functionally impossible to properly imagine. The former might get you through retirement if you’re lucky and don’t get bankrupted by medical debt (in the US at least). The latter is impossible to spend in a full lifetime.
Class isnt determined by how much money you have but how you made that money.
Yeah.
Imagine making $1,000,000 PER DAY.
To get to musk’s net worth you would have to work for about 1,300 YEARS, while not having any expenses or worry about inflation.
I love these comparisons.
Imagine making $1 billion per year.
You still need to work for 280 years.
I like the analogy of 1 million being a glass of water and saying you have to drink 1 glass of water in a day to make a million. You have to have a room full of people to finish 1000 glasses of water in a day to make a billion.
https://dbkrupp.github.io/1-pixel-wealth/ is a useful site for visualizing the scale