The fact that over 80% of individuals don’t even have $1MM in assets certainly is a basis to dismiss the point. “It’s possible” is technically correct (no, that’s not the best kind of correct), but leaves out just a ton of context. “It’s possible” for a Boltzmann brain to form. Doesn’t mean it’s likely, common, or that people who don’t achieve it have somehow done something wrong.
How does the percentage of those with 1MM in assets relate to whether or not you should prioritize savings?
Are you suggesting individuals should not be saving for retirement or long term financial well being? If so I'm not sure I have anything to offer to you.
