it is actually referring to the bottom 80% strictly in terms of (apparent) savings.
This makes sense. It’s not about how much you make, it’s about how much you keep. Someone making $5m/year can still spend more than that.
If drawing down on investments counts, I suppose the baby boomers are going to skew this number for years to come as they shift from saving for retirement to spending in retirement.
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This makes sense. It’s not about how much you make, it’s about how much you keep. Someone making $5m/year can still spend more than that.
If drawing down on investments counts, I suppose the baby boomers are going to skew this number for years to come as they shift from saving for retirement to spending in retirement.
Yeah anyone who retires with non-trivial investments or savings will probably be a "dissaver" for the rest of their life.
No. It’s the bottom 80% of income earners. The post seems to make that perfectly clear, and explains why that measure is used.