• grue@lemmy.world
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    1 year ago

    There were two possible definitions to go by: income or net worth. Look how low the net worth figure is (especially the one from the Credit Suisse study).

    Keep in mind that even a $1M net worth – more than either the Credit Suisse or World Inequality Report measure – is considered on the low side in terms of retirement savings by age 65. (At a 4% safe withdrawal rate, it only gets you $40k/year to live on.)

    • MrMakabar@slrpnk.net
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      1 year ago

      Page 25 has a breakdown of median wealth. For the US it is $93,271, however for Western Europe it is higher then that to be fair.