Number of millionaires in U.S. reaches a new high - latimes.com
I too felt most people have more money these days than I remember in the past but thought it was may be because I hang out on sites like ER and I live in SoCal? I don't see any old cars on the roads anymore. My upper middle class neighborhood has mostly BMWs/Mercedes and every house has at least 2 cars plus toys (RVs, dirt bikes, SeaDoos etc). The lines at Starbucks are longer than I ever remember. Should I be worried that the trend will make inflation higher and my $1M target for ER won't suffice? Or are the two unrelated? Or is this nothing new because every generation has had similar trends
I too felt most people have more money these days than I remember in the past but thought it was may be because I hang out on sites like ER and I live in SoCal? I don't see any old cars on the roads anymore. My upper middle class neighborhood has mostly BMWs/Mercedes and every house has at least 2 cars plus toys (RVs, dirt bikes, SeaDoos etc). The lines at Starbucks are longer than I ever remember. Should I be worried that the trend will make inflation higher and my $1M target for ER won't suffice? Or are the two unrelated? Or is this nothing new because every generation has had similar trends