Is anybody really surprised at this??
Every retirement advisor in America says you need to retire with a nest egg of at least $1 mil. or you’re SCROOOOOD.
Compared with Hillary’s $300 billion nest egg I am sure this does not concern Dems.
must be nice... never work a day in your life, retire with $2million from the taxpayer
Nice if you can get it
Rus, I hope you are planning to run for office again!!!!!!
Move here to Elma- you’d be a clear winner (GOP district!)
Find a socialist prog in the world who actually lives on the level of his subjects.
Pretty good for someone who didn’t enter the workplace until he was forty. Maybe the loot came from his wife- she was involved in some financial scandal at a college but I don’t remember the details.
One of the most amazing features of American political life is the fact a politician is elected to an office paying a salary of about $150,000 per year and leaves office a multimillionaire. Then they wonder why we are learning to hate them.
Back around 1997, Bernie told his fellow travelers he didn’t think people needed to make more than 50,000 per year. That was plenty.
Even assuming he spends all his congressional salary and saves his outside income with zero investment return, that is only $80K per year in outside income.
Hillary won't even do a single speech for that type of chicken feed.
So, yes, Bernie is a POS, but a net worth like this is very common for anyone who has been in congress less than 1/3rd the time of Bernie.
$2 Million net worth for a couple close to retirement age is hardly “elite”
Say what you will but there is a network of elites who buy the government, media and law in this country.
Not saying Bernie isn’t owned by them too
$2 mil is not a huge amount to retire on. I’m imagining that a good chunk is equity on his homes. Given average returns on investments these days, that will barely maintain a middle-class standard of living.
How does a man who was either a bum or a government employee most of his adult life manage to acquire that much money?
That’s modest for a U.S. Senator after decades in office.
What does that mean? It means that the author is probably cooking the numbers to try to make his point.
As an example, suppose you get a pension of $50,000. That implies you have an “effective retirement nest egg” of one million dollars. That's because someone without a pension would need one million dollars earning 5% annual interest to match your pension.
Notice that you aren't actually a millionaire.
I point this out not to defend Sanders. I just dislike authors who try to mislead.
Of course.. like a good socialist/Marxist, he has his so everyone else can go suck it.
Mark
Billionaire-Bashing Bernie Sanders Is a Millionaire With Three Homes-—where’s occupy bullstreet?
No.
Really?
You notice these communists never live the way they’re going to require the rest of us to live.
What communist leader isn’t a total hypocrite?