in order to get that minimum, he would have had to have 9 million dollars saved.
Which is of course totally impossible for a teacher. In my country, it might even take 500 years other than the 278 you mentioned or so, and how long does the average human have in general? Its pathetic that people aren't even able to enjoy their efforts with their money as a result of the kind of finacial situation we have with fiat currency and institutions all over the world.
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Yep, totally impossible. It is pretty crazy, but also shows how babyboomers were able to amass wealth easily.
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It's the same here. I don't think many teachers could ever hope to save a million bucks in their life time
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Hey man, those New York City bankers are scrimping by with only 3 or 4 vacation homes. Don't be selfish. You need to be squeezed a bit more so they can have 4 or 5 vacation homes.