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bare minimum for surviving with a middle class lifestyle (One million dollars in savings sounds like a lot of money, but isn't. You aren't rich. Interest income is less than $30k a year – even ignoring the effect of inflation on the total. This income is about bare minimum for surviving with a middle class lifestyle in the United States and other first world countries. It's true that many places overseas are cheaper. But many aren't (including much of Europe, Japan, Australia, New Zealand, etc.). And the ones that aren't may surprise you. And you also may find that some of the things that you personally want or need to buy are expensive elsewhere. Alex_Odeychuk) |
