[friedman23]

> It also disregards the type of lottery game that is a part of wealth accumulation.

It's not a lottery game, it's a poker game (and in reality, it's much easier than poker because the economy is positive sum and poker is zero sum). If you only consider "wealthy" to be people who have made billions or hundreds of millions then it's a lottery. But someone that consistently makes decisions that maximize expected monetary gain can consistently become a "rich" person if our definition of rich is have more than $10million.

(Poker is negative sum if you are playing in a raked game)

[Swizec]

Fun fact: The average American perceives “wealthy” as having just over $2.2million in net worth.

https://www.kiplinger.com/personal-finance/605075/are-you-ri...

This is very achievable to most HN types. Maybe not in our 30’s, but easily by retirement. Just maxing out your 401k for an entire tech career will get you there.

[jononor]

Interesting. 2.2 million seems to be around the top 10% in the US, and around 20x the median (Federal Reserve data from 2016). It also places one in the global top 1%.

[mejutoco]

Maybe by then (one's retirement) the average American will perceive "wealthy" as having $4million in net worth.

If I understand right, this is the perception right now, not in the future. Probably then it will be higher.

[someweirdperson]

> his is very achievable to most HN types. Maybe not in our 30’s, but easily by retirement.

Should be pretty easy to reach 2.2m for many people in 40 years, inflation corrected that's something like 500k.

[amelius]

No, the game is Monopoly. And those who entered the game late are out of luck.

[friedman23]

Ah yeah, you should have told that to my immigrant parents who came here with nothing.