Massive savings required to move from middle class to top 10%
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View chart & analysis → - 1The Resolution Foundation stated that an average worker would need to save for 52 years to accumulate the 1.3 million pounds ($1.7 million) required to move from the middle class to the top 10%.
- 2Based on a full-time worker's median weekly income of $1,232, it would take more than 35 years to save the $2.3 million that US workers say is necessary to feel wealthy.
- 3It would take nearly 70 years without a single expense to save the $4.4 million required for workers to achieve the American Dream.
So what's the key point?
An ordinary worker must save money for a very long time to become part of the top 10% of wealthy individuals. This means it would take between 52 and nearly 70 years of saving to reach the target amounts.
Source Fortune · View original ↗
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