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Joined 2 years ago
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Cake day: June 23rd, 2023

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  • Yeah, I don’t disagree with it being accurate. More just that it’s a very sensitive pain-point for a lot of people and the way it’s worded, at first glance, can make people who are legitimately struggling feel forgotten.

    A bit hyperbolic, but it can be something like, “Jeff is trying to make ends meet by skipping meals. Fred is feeling the pressure of the economy and decides to forgo the avocado toast. Let’s focus on Fred.”

    Again, it’s a sensitive subject and as such wording of headlines starts to become more and more important. Something like, “In today’s economy, even owning a million dollars is meaning less and less,” could be a bit more neutral.


  • I think people are just having issue with the title, mostly.

    Also, I wouldn’t really count an IRA having a million dollars as being a millionaire with the rules regarding distribution. Even a Roth (at least in the US) can have penalties if withdrawn before the beneficiary is 59.5 years old. I’d more consider the title of a millionaire as having at least a million dollars in liquidity, usually more.