In 2016 the official poverty level income for a 2 person family is $15,930.
To make that much money from risk-free "savings" ie banks are paying interest of around .15%.
You would need to have $10,620,000 in your bank account at that interest rate to make $15,930 every year.
Something isn't right and it is clear to me that those who represent me (and you) don't care what is happening to America in retirement.
The beatings will continue. Maybe the morale will get worse before it gets better.
I hope so. It will make for a better fight.
Retired CEO of CHIPPEWA PARTNERS, Native American Advisors, Inc., now CEO of the Parisian Family Office. A White Earth Chippewa, Dean helped Native Americans for decades. Raised conservative, began Wall Street career in 1982, met game changer William O'Neil in 1984. In a world on a dopamine, hypomanic binge, this is his take on financial chicanery, political crime and life well lived at their Ghost Ranch in MT or Pamelot, the Parisian's TN farm.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment