Economic News Investigations
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"How retirees live under $1 million dollars"
In an article by Greg DePersio he explains retirement for elders above 65. When you think of a millionaire you think of lavish wealth and an expensive lifestyles. But actually the definition of being a millionaire is when a person's net worth, or assets without liabilities, is $1 million or greater. Today, due to inflation, retiring on $1 million requires smart use of your money to ensure it last for a retiree's remaining years. Although retiring with $1 million now a days doesn't provide the luxury's that it used to be. If they are under that amount they can rely on social security checks every month. If you wisely use your money when you are retired you should easily not run out of money and have to rely on social security. Although social security benefits those who are retired, when you are young and paying those bills you don't understand the luxury it is to have as a backup when you are retired.