Will be poor, after the inflation hits !!!
Oh, you forgot about inflation, huh
The answer is, No!
"Oh, you forgot about inflation, huh"
No I haven't forgot about inflation, nor have I fogot what a knucklehead you are, either.
Go eat some more donuts, because thats what you're really good at.
Sentiment: Strong Buy
If you ARE rich you don't think $250K is much. If you aren't rich, you think $250K is fantastic. It's all in your perspective. As for me, I think $250K is very comfortable but not necessarily rich.
Sentiment: Strong Buy
A single person making 250K per year steadily can be considered rich in any book. Not super rich by any means, but "lower" or "minor" rich. That is making 20,833 per month, or 683 per day (including weekends, but before taxes.) The incomes of the rich and super rich have been outpacing inflation, while the incomes of the poor have not kept pace with inflation in general.
Good morning FP, sure is interesting how the 1o/o changed to 250,000 and our liberal friends stayed moot about that fact.
Maril, one fact we all know, and thats you're an unabashed cheerleader for the Doughboy.
Sentiment: Strong Buy
maril my main point is that not many like to talk about inflation, but super inflation normally follows huge debt and it might come faster than most think and many will be above the 250 000 faster than they ever dreamed.
There is just too much which does not add up, but super inflation adds up fast.
Well, I have been getting ready for it, I rather am ready than sorry.