Quote:
Originally Posted by Randall55
I looked up the percentage of millionaires in Florida. I looked up the percentage of millionaires in Orlando. I looked at the latest Census for the average income in the Villages. IMHO 39% is awful high! There is another thread on this forum entitled Will We Ever Know the Truth. I guess if you google only one source, you get nearly 39% of Villagers are millionaires. I am having a hard time believing it.
All the numbers I look at are in the 5-7% range. Some even lower. If 1 in 2 people is 50%. See where this is going? 39% seems off!
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In my opinion you can’t equate income to wealth. Not totally anyway. Especially in The Villages. Most have already made their money. The income they show now is from social security, retirement and investments. Smart people manage their income in accordance with the tax burden they’re comfortable with.