@ee @stux In the US, many older people have a net worth over $1 million between their house and retirement portfolio. Pensions mostly don't exist anymore so people have to fund their own retirement, usually via tax-deferred investments like a 401k. Social Security exists but without changes, it won't be able to pay out the full amount they would previously be entitled to.

In some places with high costs of living, a house can easily be worth $1 million by itself