Originally Posted by Unregistered

My wife and I are in our mid fifties with no dependants and we are retired from our full time jobs. We earn a passive income of $7k pm, below the median household income. Our condo is worth $1.9m and we have an investment portfolio and other assets. Our total net worth is $4m. So even with a net worth of $4m, we are still categorized as below median income household. How sad.