Richest 1% of Minnesota families own nearly one third of the wealth

[JT45242]

1. Those numbers feel wonky to me

Middle class teacher who now works for a nonprofit mid fifties here. Never made more than $125k per year. Only over $100k a couple of years since the pandemic with two promotions.

I have more than $500k in my 401k after rolling over teacher pension and continuing. Throw in equity in the house and I dwarf that $400k net worth. I find it hard to believe that a life of middle class communities don't have average net worth closer to 750k or one million.

Financial planners tell you to get to that number before you retire.

Wife was stay at home mom for 11 years and only worked part time after that because of hauling kids around. So not a DINK situation.