No one makes the minimum. Companies have it just above the minimum so when it goes up they're ahead. Even McDonald's doesn't offer the minimum. You have obviously never been poor. I have. Working multiple jobs to make ends meet is poverty standard. Let's say 2 jobs. So just under 20 years. 1/2

We have to do MORE work than the average person to make sure we dont go under that "bare minimum to live" line. Getting and losing 1m can EASILY be done within 15 years. Give a poor person a mill and if they're smart, they'll spend more and level up their living so life becomes less expensive.

Just to be clear, I intend to retire aged 60 with about £500k pension fund and a 3-bed house paid off. That is *way* more than most people retire on, yet significantly short of £1M.

Yeah so essentially you've never been poor. 💀 That's half a mill in pension. A married couple living low for the purpose of leaving more could easily give a million. With a family that's poor that mill will NOT go very far. It's not exactly "quit your job" money anymore.

Obviously given what I've just told you, I would quit my job if I inherited £1M today. Indeed, if I inherited a quarter of that.

You're simultaneously telling me my much-less-than-£1M makes me not poor (I agree) and that inheriting £1M wouldn't make me rich (I disagree)

The average pension pot of UK men in their 60s is £79,300 www.charles-stanley.co.uk/insights/com... A £1M makes you over 10× wealthier than that average. If 10× average is "poor" we have different definitions.

2 wealthy parents doesn't make the family rich. This about people DYYYYING. 💀💀 Back in the day making money was so much easier so a lot of people from those generations are wealthy asf even if their family is struggling.

You might be poor before you inherit £1M. The moment you get it, though, you're not.

Spoken like a true person whose never lived below middle class. It takes a LOT to move from being ACTUALLY POOR just to lower middle. You will still need a job to maintain that increase. People with money don't understand how CRAP the economy is now and just let their kids fend for themselves.

Also is "still need a job" a problem here? You can be "not poor" and still need to work. I'm not poor. I still have to work.

The point is it won't make a poor person rich.

Define rich. It will make a poor person no longer poor. It will make a poor person richer than half the population.

This is ridiculous. With £1M you can buy three family houses outright.

Tell me you've never been poor without saying you've never been poor. 💀 It's more than just needing a home. It's home, transportation, and medical care after years without it. Even in a place with free health care, there's SO MUCH that goes into being poor.

You really don't know anything about what life in the UK costs, evidently. Healthcare actually is free. Nobody in my family has ever received non-NHS healthcare. I keep wondering whether you think £1M = US$1M.