It literally is. People just have no discipline or skills with money. Go on the fire subreddit. 25k saved per year is a million after twenty years with a modest very conservative amount. And if you can double that with a spouse you're looking at a million in only ten years. People who stretch that to 20-25 years end up with 3-5 million.

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bluefirebrand 34 minutes ago | parent | next [-]

> 25k saved per year is a million after twenty years with a modest very conservative amount.

Close to 25% of people in America only make 25k a year. Forget saving that much

You are wildly out of touch with the average person and their struggles to think that 25k saved per year is even remotely achievable for most people

	▲	hparadiz 25 minutes ago \| parent [-]
		I dunno why people keep bringing this up as some sort of gotcha. You don't save for retirement based on your average. You do it during your peak earning years. Which are far above average. And most households have more than one earner. So even a 5% savings based on a median 84k household yields over 750k in 20 years. Like it literally is that simple.

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Nursie an hour ago | parent | prev [-]

Median net wage in 2023 the US is $43,222 as per https://www.ssa.gov/oact/cola/central.html

You're talking about median earners putting away more than half of their pay.

If we look at full time workers that may go up to about $1200 per week or (after federal income tax) about $57k per year - https://www.bls.gov/news.release/pdf/wkyeng.pdf

So you're still looking at 43% of every pay packet. And 50% of full-time workers will be paid less than that.

This is beyond discipline and much more than simply getting up and working hard, and more like living in self-imposed poverty, putting on hold anything resembling building a life, buying a house etc.

The fact is putting away $25k a year is the reserve of the privileged, not something achievable just by getting up and working hard for most people.

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hparadiz an hour ago | parent [-]

The average household income in the US is $83,730 and the median is $121,000.

It's also irrelevant. The average is weighed down by students and retirees. If you look at only people in their peak earning years (40-50) then the median jumps further.

But thank you for the comment. It perfectly exemplifies the attitude of most Americans. Born on third base and feeling entitled to blow their entire paycheck every month and then still asking for hand outs.

	▲	Nursie 11 minutes ago \| parent [-]
		> The average household income in the US is $83,730 and the median is $121,000. > The average is weighed down by students and retirees. What's your source? For a start these appear to be the wrong way round - https://www.census.gov/library/publications/2025/demo/p60-28... And beyond that... yes? These figures are for all households, not necessarily households with people in full time work, which is a pre-requisite to looking at your claims properly. As such your household income figures don't give us a good picture to evaluate them. The figures I quoted were for people in full time work, much more relevant to your statement, and no, they aren't weighed down by anything. > If you look at only people in their peak earning years (40-50) then the median jumps further. Why would I do that? Your claim was that people could become millionaires over the course of 30 years by saving $25k per annum. The median person in full time work would have a very hard time doing that as shown by the figures I gave you. And they are better off than fully half of other full time workers. Unless you have some compelling (sourced) figures about lifetime earnings that negate this, it doesn't really help us. > It perfectly exemplifies the attitude of most Americans. Born on third base and feeling entitled to blow their entire paycheck every month and then still asking for hand outs. Wow, OK. Well firstly I'm not American, I'm British, soon to be Australian and might eventually become Irish (by descent) as well. No US in the picture though. Never had a state handout in my life, and my net worth is already well over your target threshold. What I have (that you seem to be missing) is empathy for people who don't have it so good and a basic understanding of figures.