this post was submitted on 24 Apr 2024
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Watching my grandmother die after being in assisted living, which cost about 250k/year, made me realize that millionaires are not really the problem. She saved for her whole life, sold her home and most of what she owned and she "scraped" together 2.5 million dollars. That's... like an incomprehensible amount of money to me. It's all gone, and she got to live the last ten years of her life with dignity.
Imagine that it costs 2.5M to live comfortably for the last ten years of your life. And then look at your bank account.
I can't even afford for this to be my last 80 years...