I save ~20% of my salary, trending downward due to inflation and a lack of raises, which I imagine to be quite a lot more than average for my position because I refuse to spend money if I can help it. I used to save close to 50% until my parents kicked me out, because I spent $0 on rent. And yet, after ~15yrs in decent-paying, full-time jobs since college, I still cannot afford to buy a 1BR apartment. When my parents die, I will inherit the equivalent of 40 years of this saving from selling their house (assuming property values rise with inflation (they'll almost certainly outpace it by quite a bit), my siblings don't die first, etc).
On track to become wealthy!
Edit: read the "article".
Study done by a real estate agent
Property, financial investments and cars were among the most significant sources of wealth, the Knight Frank study found. Among smaller items, the report found that the market for secondhand bags had eased, while the fine wine market grew marginally and sales of watches at the three big auction houses totalled £488m in 2023, a slight increase on the year before. At the high end, Canadian rapper Drake paid $1m for a ring formerly owned by the late Tupac Shakur at Sotheby’s hip-hop auction last July.
for everyone buying "secondhand bags", fine wine, $1M rings, and luxury cars.
I save ~20% of my salary, trending downward due to inflation and a lack of raises, which I imagine to be quite a lot more than average for my position because I refuse to spend money if I can help it. I used to save close to 50% until my parents kicked me out, because I spent $0 on rent. And yet, after ~15yrs in decent-paying, full-time jobs since college, I still cannot afford to buy a 1BR apartment. When my parents die, I will inherit the equivalent of 40 years of this saving from selling their house (assuming property values rise with inflation (they'll almost certainly outpace it by quite a bit), my siblings don't die first, etc).
On track to become wealthy!
Edit: read the "article".