https://finance.yahoo.com/news/almost-third-millionaires-us-now-120000548.html
A growing number of the nation’s millionaires and high-income earners are abandoning the dream of homeownership entirely and opting to rent instead.
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https://finance.yahoo.com/news/almost-third-millionaires-us-now-120000548.html
A growing number of the nation’s millionaires and high-income earners are abandoning the dream of homeownership entirely and opting to rent instead.
FirstTime.jpg
This is what people mean when they say that Americans have no class consciousness. If you work for a living you are a proletarian, if you invest for a living you are not. There are a good chunk of people who make well over 6 figures as a salary (lawyers, doctors, etc) that experience pressure from the same type of economic forces as average workers - inflation, cost of education, housing, medical care, childcare, elder care - all of these things are only going one way even if some workers are more insulated from these factors than others. That said this is a bad article and not clear, but there again, some low end writer on yahoo not understanding class in a marxist sense shouldn't really be a shocker.
Based on other articles that break down expenses of 6 figure earners, much of what they consider expenses are things like retirement plan contributions and education funds for their children
Meh...I bet they taste the same.