[Caymus]

Originally Posted by manaboutown

Here are the age group results shown in the article Boomer hereinabove cited and discussed.

"Here’s the average net worth by age in 2019, according to the same survey:


Younger than 35: $76,300

35-44: $436,200

45-54: $833,200

55-64: $1,175,900

65-74: $1,217,700

75 or older: $977,600"

If I did the arithmetic correctly (no guarantee) the average net worth of the three oldest groups, comprising 55 through 75+ averages $1,123,733. To me that means that 50% of the households within that age range are millionaires. And... drum roll... this was back in 2019!

Now the Villagers who own homes, in particular the snowbirds who own homes here as well as somewhere else, likely rank above average in net worth so the average Villager would be a millionaire.

Maybe if it was mean and not average. People like Warren Buffet and Bill Gates have a huge effect on the average.

[Boomer]

Hey, manaboutown,

Thanks for catching my $200,000 typo. I was in a hurry this morning. Dinner guests tonight and I have to get my act together and stop messing around on TOTV. (I corrected my mistake.)

(Btw, I saw your response to my purposely theatrical response to one of your posts in that other thread. Thanks. I was going to return and write about how it was the significance of your calculated use of a semicolon that ticked me off…..

While I always admire a correctly used semicolon, I know that punctuation mark can carry a lot of power when used to equate the meanings of the clauses it joins…….

and your use did just that by joining the fact of the author’s sex to the other two things that were clearly implicated, in your opinion, to be lesser than. But that’s a discussion perhaps for another time. I know I could possibly cure some readers’ insomnia by waxing on about the power of a semicolon. )

Btw, the book you recommended arrived yesterday and I hope to start it this weekend.

Enough about that and back to peeling apples and setting the table for my real life.

Boomer

[Bill14564]

Originally Posted by Caymus

Maybe if it was mean and not average. People like Warren Buffet and Bill Gates have a huge effect on the average.

mean and average are two words for the same calculation.

Perhaps you meant median (right in the middle, as many higher as there are lower)

[Two Bills]

Originally Posted by Fastskiguy

Tom Selleck begs to differ.

Joe

I have been taking you name in vain since I started reading posts on this board.
For some reason I have always thought your posting name was Fatskiguy!
Only today noticed my error.
Most humble and groveling apologies.
Bill. Thefallingdownskiguy!

[CoachKandSportsguy]

Originally Posted by Caymus

Maybe if it was mean and not average. People like Warren Buffet and Bill Gates have a huge effect on the average.

Maybe if it was median and not average. People like Warren Buffet and Bill Gates have a huge effect on the average.

Sorry to be a math definitional gendarme, don't take it personally, we all agree on the non linear tail average influence on the average.

[CoachKandSportsguy]

Originally Posted by manaboutown

Here are the age group results shown in the article Boomer hereinabove cited and discussed.

"Here’s the average net worth by age in 2019, according to the same survey:


Younger than 35: $76,300

35-44: $436,200

45-54: $833,200

55-64: $1,175,900

65-74: $1,217,700

75 or older: $977,600"

If I did the arithmetic correctly (no guarantee) the average net worth of the three oldest groups, comprising 55 through 75+ averages $1,123,733. To me that means that 50% of the households within that age range are millionaires. And... drum roll... this was back in 2019!

Now the Villagers who own homes, in particular the snowbirds who own homes here as well as somewhere else, likely rank above average in net worth so the average Villager would be a millionaire.

was it really a survey where people answered questions?
or was it their own data crime calculations which they called their "Survey"?

I get suspicious of all surveys, knowing how people interpret and misinterpret questions. . . especially of personal financial information. . . ie, who is dumb enough to answer these surveys where IP addresses can be collected. . .

I am firmly in the data crime camp. . . also influencing my answer is knowing from coachK that hospital survey questionaires, required by CMS, are falling in response percentages over the years until now. . So answering those surveys helps lessen the skew of the more disappointed answer them and the as expected are less willing to answer them

[manaboutown]

Originally Posted by CoachKandSportsguy

was it really a survey where people answered questions?
or was it their own data crime calculations which they called their "Survey"?

I get suspicious of all surveys, knowing how people interpret and misinterpret questions. . . especially of personal financial information. . . ie, who is dumb enough to answer these surveys where IP addresses can be collected. . .

I am firmly in the data crime camp. . . also influencing my answer is knowing from coachK that hospital survey questionaires, required by CMS, are falling in response percentages over the years until now. . So answering those surveys helps lessen the skew of the more disappointed answer them and the as expected are less willing to answer them

The survey referenced in Boomer's link is the source of the data I quoted. It was a survey taken by the Federal Reserve Board.

https://www.federalreserve.gov/publi...iles/scf20.pdf

[yankygrl]

Originally Posted by Toymeister

How Many Millionaires Live in the Villages Florida
INVESTOR TIMES by INVESTOR TIMES Reading Time: 2 mins read

How Many Millionaires Live in The Villages, Florida?

The Villages, located in central Florida, is a popular retirement community known for its active lifestyle and numerous amenities. With its beautiful weather, golf courses, and recreational facilities, it has become a sought-after destination for retirees. Alongside the active lifestyle, an intriguing question arises: how many millionaires live in The Villages?

While it is challenging to determine an exact number, The Villages is home to a significant number of millionaires. According to a study conducted by Phoenix Marketing International, The Villages had the highest concentration of millionaires per capita in the United States in 2019. The study found that approximately 39% of households in The Villages had a net worth of at least one million dollars, excluding their primary residence.


The Villages’ appeal to millionaires can be attributed to several factors. Firstly, the cost of living in Florida is relatively low compared to other states with high concentrations of wealthy individuals, such as New York or California. This, combined with the absence of state income tax, makes Florida an attractive destination for retirees looking to stretch their retirement funds opportunities.

1. Are there any specific neighborhoods in The Villages where millionaires live?
While it is challenging to pinpoint specific neighborhoods, millionaires can be found throughout The Villages.

2. What are some common professions of the millionaires in The Villages?
The Villages is home to a diverse group of millionaires, including former business owners, executives, doctors, and lawyers.

3. How do millionaires in The Villages spend their time?
Millionaires in The Villages often engage in recreational activities such as golfing, boating, and participating in social clubs and events.

4. Do millionaires in The Villages typically downsize their homes?
Many millionaires in The Villages choose to downsize their homes, opting for smaller, low-maintenance properties that align with their desired lifestyle.

5. Are there any exclusive clubs or organizations for millionaires in The Villages?
While there are no exclusive clubs solely for millionaires, there are various clubs and organizations that cater to different interests and hobbies.

6. Are there any philanthropic efforts by millionaires in The Villages?
Yes, many millionaires in The Villages are actively involved in philanthropic endeavors, supporting local charities and causes.

7. Can non-millionaires also live in The Villages?
Absolutely! The Villages is an inclusive community that welcomes residents from various financial backgrounds.

8. Are there any financial planning services available for residents in The Villages?
Yes, residents have access to financial planning services within The Villages to help manage their wealth and retirement funds.

9. How does the presence of millionaires impact the local economy?
The presence of millionaires in The Villages contributes to the local economy by stimulating businesses and creating job opportunities

10. Are there any tax advantages for millionaires living in The Villages?
Florida’s lack of state income tax is an advantage for millionaires living in The Villages, allowing them to keep more of their wealth.

11. Are there any disadvantages to living in The Villages as a millionaire?
Disadvantages can vary depending on individual preferences, but some may find the community’s focus on retirement activities limiting if they desire a more urban lifestyle.

12. Can I visit The Villages as a non-resident to experience the community?
Yes, The Villages welcomes visitors who can explore the community’s amenities, participate in activities, and get a feel for the lifestyle it offers.

In conclusion, The Villages, Florida, is home to a significant number of millionaires, with a high concentration per capita. The community’s low cost of living, exclusive amenities, and social opportunities contribute to its appeal among the affluent. Whether you are a millionaire or not, The Villages offers a unique retirement experience for individuals from various backgrounds.

But remember everyone will tell you everyone living in TV is on a fixed income…okay some less fixed then others.

[Villager-Wannabe]

I admire those individuals who are close to or actually are totally self-sufficient, that is, living off the grid, growing their own food, have hunting and fishing skills, and a good grasp of survival skills, etc. . I also admire millionaires, but not as much.

[drcar]

Originally Posted by Toymeister

How Many Millionaires Live in the Villages Florida
INVESTOR TIMES by INVESTOR TIMES Reading Time: 2 mins read

How Many Millionaires Live in The Villages, Florida?

The Villages, located in central Florida, is a popular retirement community known for its active lifestyle and numerous amenities. With its beautiful weather, golf courses, and recreational facilities, it has become a sought-after destination for retirees. Alongside the active lifestyle, an intriguing question arises: how many millionaires live in The Villages?

While it is challenging to determine an exact number, The Villages is home to a significant number of millionaires. According to a study conducted by Phoenix Marketing International, The Villages had the highest concentration of millionaires per capita in the United States in 2019. The study found that approximately 39% of households in The Villages had a net worth of at least one million dollars, excluding their primary residence.


The Villages’ appeal to millionaires can be attributed to several factors. Firstly, the cost of living in Florida is relatively low compared to other states with high concentrations of wealthy individuals, such as New York or California. This, combined with the absence of state income tax, makes Florida an attractive destination for retirees looking to stretch their retirement funds opportunities.

1. Are there any specific neighborhoods in The Villages where millionaires live?
While it is challenging to pinpoint specific neighborhoods, millionaires can be found throughout The Villages.

2. What are some common professions of the millionaires in The Villages?
The Villages is home to a diverse group of millionaires, including former business owners, executives, doctors, and lawyers.

3. How do millionaires in The Villages spend their time?
Millionaires in The Villages often engage in recreational activities such as golfing, boating, and participating in social clubs and events.

4. Do millionaires in The Villages typically downsize their homes?
Many millionaires in The Villages choose to downsize their homes, opting for smaller, low-maintenance properties that align with their desired lifestyle.

5. Are there any exclusive clubs or organizations for millionaires in The Villages?
While there are no exclusive clubs solely for millionaires, there are various clubs and organizations that cater to different interests and hobbies.

6. Are there any philanthropic efforts by millionaires in The Villages?
Yes, many millionaires in The Villages are actively involved in philanthropic endeavors, supporting local charities and causes.

7. Can non-millionaires also live in The Villages?
Absolutely! The Villages is an inclusive community that welcomes residents from various financial backgrounds.

8. Are there any financial planning services available for residents in The Villages?
Yes, residents have access to financial planning services within The Villages to help manage their wealth and retirement funds.

9. How does the presence of millionaires impact the local economy?
The presence of millionaires in The Villages contributes to the local economy by stimulating businesses and creating job opportunities

10. Are there any tax advantages for millionaires living in The Villages?
Florida’s lack of state income tax is an advantage for millionaires living in The Villages, allowing them to keep more of their wealth.

11. Are there any disadvantages to living in The Villages as a millionaire?
Disadvantages can vary depending on individual preferences, but some may find the community’s focus on retirement activities limiting if they desire a more urban lifestyle.

12. Can I visit The Villages as a non-resident to experience the community?
Yes, The Villages welcomes visitors who can explore the community’s amenities, participate in activities, and get a feel for the lifestyle it offers.

In conclusion, The Villages, Florida, is home to a significant number of millionaires, with a high concentration per capita. The community’s low cost of living, exclusive amenities, and social opportunities contribute to its appeal among the affluent. Whether you are a millionaire or not, The Villages offers a unique retirement experience for individuals from various backgrounds.

The point is who cares how much people are worth! Not my concern!

[Rosethorn]

Originally Posted by JGibson

Well, if your parents paid your way through college that in of itself is a huge financial help compared to folks who had to pay for their own college.

How many people in TV were left a large inheritance prior to retirement and was able to invest that money?

I wouldn't be surprised if most of these multi-millionaires had some help somewhere along the way.

Those born into poverty and become authentic multi-millionaires are they folks I admire and respect the most.

So very true.

But I also have immense respect for folks who worked hard their whole life and lived a life of integrity and honor, and don’t have many dollars to show for it.

Money and financial independence is not always a good barometer of one’s true success in life.

[OrangeBlossomBaby]

To me, net worth is meaningless. But I'm also not wealthy enough to have much invested in any funds. We have a house that we don't owe on. We have four vehicles that we don't owe on. We're able to pay our bills and still have some savings in the bank with our combined income. I'd say my income versus my expenses is more important than my net worth.

If I want to describe "wealthy" numerically I'd say - having an -income- of over $100k/year, while living the lifestyle we currently live, would make us "wealthy."

[MrFlorida]

I would perfer good health instead.

[CoachKandSportsguy]

Originally Posted by manaboutown

The survey referenced in Boomer's link is the source of the data I quoted. It was a survey taken by the Federal Reserve Board.

https://www.federalreserve.gov/publi...iles/scf20.pdf

Those are also opt in as I was sent a federal government option to participate in surveys along time ago, and because it had the income level, i threw it out. I also know people who are not truthful in surveys, and since coachk deals with a lot of survey results as part of her departments job, any opt in human response survey is very difficult to parse out reality from biased opinions and unrealistic expectations. .

[manaboutown]

Originally Posted by MrFlorida

I would perfer good health instead.

Good health is priceless.