How crazy expensive is america? One million is like thirty years of minimum wage salary before taxes in Spain. I bet I could manage to retire at 45 with that kind of money.
Highly depends on area. $1 million is about 16 years of the median wage. It can be hard to survive on the median in some cities, but can be OK in rural or extremely economically depressed cities/towns. I don’t think federal minimum wage is enough to survive anywhere without assistance.
How crazy expensive is america? One million is like thirty years of minimum wage salary before taxes in Spain. I bet I could manage to retire at 45 with that kind of money.
Highly depends on area. $1 million is about 16 years of the median wage. It can be hard to survive on the median in some cities, but can be OK in rural or extremely economically depressed cities/towns. I don’t think federal minimum wage is enough to survive anywhere without assistance.
This person is greatly exaggerating. I bought a house in central Illinois with 4 bedrooms and 2 bathrooms for $130k
Also, just having a million dollars is a big step up