Evan ProdromouMay 26

What is the highest acceptable level of personal wealth in US dollars?

#EvanPoll #poll

$100K or less
5.6%
About $1M
28.2%
About $10M
53.5%
$100M or more
12.6%
Poll ended at .
Show threadEvan ProdromouMay 26
Feel free to give your reasoning!
Show threadJonathan
@evan $1M sounds like a lot if you're thinking in pre-year 2000 dollars, but these days, it isn't that much anymore

https://www.cbsnews.com/news/real-estate-million-dollar-homes-at-record-redfin/
A record share of U.S. homes are worth $1 million or more. See which cities have the most.

Many million-dollar properties are no longer considered luxury homes, with almost 1 in 10 U.S. houses costing at least that.

May 26 at 2:12pmWeb
Show threadEvan ProdromouMay 26
@jonathan Yeah, my searches give about $300K-400K median home price in the developed world, with cities like Toronto, Sydney and San Francisco having *median* home prices around $1M. So, owning your own home with a paid-off mortgage is putting you well into the $1M range for a lot of the world, without any other wealth.
Show threadCourt Cantrell won't conformMay 26

@jonathan @evan

I assure you, $1M per year still sounds like a lot to a 3-person family with a single income well below $100k in 2026.

I honestly can't see why anyone would *need* more than $1M per year.

Show threadEvan ProdromouMay 26
@courtcan @jonathan The question is about total wealth (assets minus debts), not annual income. $1M in a paid-off home and retirement savings is a lot different than $1M/year!