If someone made half a million a year I’d say they were rich… half a million in total assets would just mean you own a home and might have something saved for retirement.

I’m not saying that it’s poor, and I know that there’s a good chunk of America that’s “worth” less than like 10k, and probably a good number of people who are in the negative, but half a million isn’t fabulously rich.

Half a million is within reach for people who didn’t start out dirt poor, got an education, and a professional gig. I say this as someone who would be worth less than 10k if I didn’t inherit my home. A lot of people’s Net Worth Includes things that they can essentially never turn into actual money, but it still acts as a money saving asset.

Congress just confirmed a guy that’s gonna take away their power to act as a check on the executive?