If you want to be in the top 1% of Americans, you need to earn around 758,00 dollars yearly, according to 2019 data (EPI).To be a part of the top 10% percentiles, you must make between around 130,000 to 210,500 dollars (EPI). When you are talking about net worth of the top 1% in the U.S, you must have, at least, 11 million dollars by 2019 figures (Investopedia). To be part of the top 10% in the U.S, you must have, at least, 1.2 million dollars by 2019 figures (Investopedia). The average worker earned around 57,000 dollars the same year which is the largest chunk of the American workers (EPI). The magic number to be saved for retirement is 1 million dollars since people are living longer and having more health problems. There are five episodes about money: get rich schemes, credit cards, student loans, gambling, and retirement. While none of this information should be new to anyone, it’s educational in some ways and depressing in most ways. The bottom line people the U.S. is in trouble when it comes to retirement. Get used to seeing more elderly people being forced to work in their twilight years in the next 50 plus years unless something changes. Many millennials and generation Xers are still drowning in debt. The other bottom line is most anything today is money maker from credit cards to student loans to lottery tickets. I watched it mainly because I like educational programs, but it’s nice knowing I won’t be the only one not saving a million dollars by the time I retire. And if you gamble, don’t wash your ticket like a recent CA winner did and lose 26 million dollars.
I rate Money, Explained FOUR FINGERS at 90%.