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I know a lot of people, I'm inclined to believe the "1 in 15" thing is flagrantly untrue or working off of leveraged assets.
I'm guessing that is based on savings + asset value (house and car) + retirement funds + individual stock investments.
1 in 15 people with a half million dollar house and a half million dollar 401k? That's what? 25 million Americans? There's over 100 million people in the US over the age of 50. Seems pretty reasonable for 1 in 4 in that age range to have own their house and have a nice retirement fund.
I think that figure is because of people in NYC, LA, San Francisco, Chicago, et cetera, where they are absolutely not, like, independently wealthy or anything, but are technically millionaires because rent is 35 thousand dollars a week for 3 square foot apartment with no pets, no windows, and a communal bathroom where the landlord spits in your mouth instead of providing a sink.
Got off the rails there at the end. Rent prices are pissing me off lately. Point remains largely unchanged, though. Lol
Luxury. We would live in a cardboard box, all fifteen of us and only be able to wash if it was raining, have to eat poison with our ramen and pay eighty thousand a day. You've had it easy.
Oh that was an example of others. We had it really tough. Lived in a septic tank, covered by tarpoline. Every morning dad would wake us up at 2am to go down mill and work for a quarter a day, and when we got home he'd feed us cold poison and beat us to sleep
Do you think you know an unbiased sample of people?
Google Schelling's model of segregation.