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by shuckles
192 days ago
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Income isn't wealth. Someone making $62,000/yr in income without working at 55 (i.e. no Social Security) is likely comfortable. That's >$1m in invested assets plus whatever is owed to them as retirement income when they reach retirement age. It's especially unclear if everyone else's payroll taxes should be spent allowing this person to retire a few years earlier. This is all before including the other large personal expense (housing) for this person is likely imputed rents from homeownership which aren't counted as income but function that way. |
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