Quote:
Originally Posted by jimbomaybe
And factor in the difference between income and net worth, managing your investments to have the "income" you want the rest better positioned for growth , that by the way is a very positive thing for the economy that benefits everyone. The old adage is proven again and again " A fool and his money are soon parted". Those who have large wealth did something right to acquire that wealth , buy financing good ideas that grow the economy via productive enterprises , productivity, efficiency are why we have historically the highest standard of living for everyone
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Actually, US standard of living is only about 20th in the world. The top 10 is dominated by Scandinavian Countries. It is easy to look up.