Really????? Quite a generalization!!!

Like my father and brother, I don't know if I'm 1%, 2%, 5%, or 20%, but whatever it is, we all got there by getting educated, working hard, saving and investing wisely. I don't recall any "schemes" to "PREY" on the poor (praying, however, would be appropriate)

Probably quite a few 5%'ers, not sure how many 1%er's.





Net Worth Percentile
90% $1.1mil

95% $2.4mil

99% $10.4mil

And many already paid close to the same amount in taxes working 40+ years getting there...

Within The Villages given their age range and financial ability to relocate, travel and have expensive hobbies possibly the top 5% are within the top 1%. I doubt many are within the 99.5 percentile which is something over what, $16 million. The 99.9 entry is at just over $43 million.

The 4 percent rule doesn't work for a 70 year old. For a man, $12,000 x 13 years = $156,000 in total payments. Slightly higher for a woman.

Well, maybe $150K is not a big number to you; congratulations. But the census bureau says the average net worth of a person 70-74 is 181,078. My point is that by including that $150K pension net present value in the net worth calculation makes a big difference. And it would, obviously.

I understand your point. Thank you.


Probably wouldn't change the report significantly.......that's why it's not a big number.

Senior Citizens Net Worth.
 

I was told by a grandchild who makes more money than anyone in the whole family. She told me this very morning...

That the two senior citizens who live in our house are...…

Priceless.

I spent my 35 year career in finiancial services and can assure you that this is nothing new . It has been this way since at least WWII .

When I was in my 20's, studying business in college, I learned that most of the wealth in the USA was held by its oldest citizens. At the time, being a young, dumb, left of center college student, I thought that was unfair and that something needed to change. Of course, now that I am a mature (old), right of center (realistic) retired guy, I understand why the wealth is in the hands of the older generation. Funny how our opinions change.

Older women may statistically be wealthier than older men, at least during their last years, as they tend to outlive their husbands.