Reply # 70 wraps it up fairly good. One million in income producing assets along with either a safe pension or SSI will provide you a lower middle income retirement from lets say 65 until death at lets say 85. If you don't have that you will be poor...period. Either living in hillbilly heaven trailer park or back in the ghetto with family all jammed into a tiny space. Food stamps and government handouts will be your life line.
Then the big "if". If we do not have an all out war, viral pandemic, collapse of the dollar, or cyber attack on our electrical grid...each of which will have you scavenging the woods for walnuts, seeds, small critters, bird eggs and grubs. Then you will be elbow to elbow fighting for bare sustenance with the celebrities, politicians and billionaires who do not have a productive food garden on their estate. Think about it...no electricity to pump your water, pump your gas, pump fuel for supermarket delivery trucks or light you home. No food for Fido or Kitty. They will become tomorrows dinner. Then NEVER look like you have stock piled food or water unless you are willing to shoot your neighbors who are trying to bust in your front door.
Chit...I just scared myself! My next million will be for army rations, water storage and bullets.
