I recently came across a wealth report published by an international financial institution, and the data is quite interesting.
On the mainland, it takes an average of 43 years for a millionaire to accumulate their first 9 million in assets—just past middle age, with the previous 30+ years mainly spent laying the foundation. Going from hundreds of thousands to millions typically takes about 10 years, which indicates that wealth accumulation increases exponentially in difficulty.
Interestingly, having about 7 million in liquid assets is considered middle class. This definition might have been different a few years ago, but now this standard seems to have become the new dividing line.
The report also mentions that 34% of respondents... Although this part of the data isn't fully displayed, it is enough to illustrate that wealth distribution inequality is worsening.
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UnluckyMiner
· 01-11 18:01
Only 9 million at age 43? I'm still mining now. At this rate, I’ll be mining until I’m 50.
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MoonRocketman
· 01-10 05:03
Is it only at 10 million at age 43? This trajectory inclination is a bit steep, and the fuel consumption rate index is off the charts.
According to Fibonacci speed, the acceleration from a million to ten million is clearly out of control.
Is 7 million considered middle class? The upper band of the Bollinger Bands has been broken through, and this watershed position is a bit strange.
The Gini coefficient of wealth distribution is worsening; you better lock in your positions quickly, brother.
The exponential difficulty increase indicates that the launch window is closing; those who got in early have already escaped the atmosphere.
With the middle class line so high, most people are still at sea level, and RSI is seriously overbought.
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MevHunter
· 01-09 08:06
Only 9 million at age 43, our generation is really incredible haha
700 million to be considered middle class? Then I guess I have to keep being socially anxious and working
The idea of wealth increasing exponentially is really ironic; ordinary people can't even reach the first level
This data must be from a while ago, it feels outdated
The 34% part didn't display completely, which actually proves the Matthew effect even more
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TheMemefather
· 01-09 07:55
Only 9 million at 43? Man, you must be working really hard. I took a quick look at my account balance... Never mind, I won't look anymore.
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GasFeeBeggar
· 01-09 07:54
Only 9 million at 43? I still have 10 years left, looks like I need to work overtime.
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SelfSovereignSteve
· 01-09 07:49
Is it only at 43 that I finally make it to ten million? Do I still have hope? Haha
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7 million is considered middle class, then I am truly doomed in this life
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Wealth distribution is becoming more and more uneven, I feel like I don't even dare to look at these numbers
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It takes ten years to jump from a million to ten million, sounds like a dream
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The definition of middle class is now so competitive, it's a bit ridiculous
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It took over 30 years to build a foundation, and now I’m 43, I can't keep up with this pace
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Money is getting tighter in the hands of the wealthy, and we’re all just dirt here
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34% of people are...? The data is being hidden
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Having 7 million in liquid assets is considered middle class, that’s a bit funny
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I'm increasingly understanding what wealth gap really means, it’s truly shocking
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GasFeeSobber
· 01-09 07:40
Is 9 million at age 43 really slow? That speed is truly disappointing, I guess I have to work another ten years haha
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700 million to be considered middle class? Then I need to ask myself what I am
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Wealth distribution is becoming more and more unequal, workers are really struggling
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From millions to tens of millions in ten years? I probably won't see that in my lifetime
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This data basically shows that the wealth gap is causing trouble
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Accumulating 9 million by age 43, all those 30 years were a complete waste? I can't accept this logic
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The definition of middle class keeps rising, I'll never reach that line
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bridge_anxiety
· 01-09 07:29
At 43 years old with only 9 million, how old do I have to live to catch up with this progress, lol
700 million is considered middle class? Then am I the king of the slums?
The wealth distribution is so uneven, it feels like ordinary people are finding it harder and harder to turn things around
This data is heartbreaking; workers are feeling immense pressure
It takes ten years to go from a million to ten million; I might have to work until retirement
The standard of middle class changes every year; I will always be the one who can't catch up
By the way, is this report trying to say that the rich are getting richer and the poor are getting poorer?
43 years old with 9 million sounds like a lot, but when divided monthly, it’s not much at all. How is it calculated?
So we are all defined as poor? The wealth game is really unplayable
I recently came across a wealth report published by an international financial institution, and the data is quite interesting.
On the mainland, it takes an average of 43 years for a millionaire to accumulate their first 9 million in assets—just past middle age, with the previous 30+ years mainly spent laying the foundation. Going from hundreds of thousands to millions typically takes about 10 years, which indicates that wealth accumulation increases exponentially in difficulty.
Interestingly, having about 7 million in liquid assets is considered middle class. This definition might have been different a few years ago, but now this standard seems to have become the new dividing line.
The report also mentions that 34% of respondents... Although this part of the data isn't fully displayed, it is enough to illustrate that wealth distribution inequality is worsening.