We have certainly had the luxury of travel often in our retirement, and my son, on this recent trip with him and his future wife, pointed out that, if my retirement income was rated globally, I am among the 1%. I am retired but get to travel when I want and pretty much where I want. You may very well be among that group also. All you need to be a part of the global 1% is an income of $34,000! No, you cannot travel when or wherever on that income, but the perspective of this figure pretty much makes you sit up and realize how lucky you are to be in this strata. It also makes you wonder how much of your life is producing waste and could be better budgeted and more generous.
I only have one home, do not keep money offshore to avoid paying my fair share of taxes, nor send my business manager to a Caribbean island for 6 months so that the IRS cannot reach her, as an acquaintance of my son's did! I have this status, not because I am brilliant or sneaky, but because I lived and worked overseas for the first 7 years of my married life and did not have to pay for my housing or the cost of an automobile during that time. Since both my husband and I had a combined income during this time we invested every dime that we could and that gave us the head-start that we needed to have the retirement we are now enjoying. It was luck and the willingness to live outside my country in a country that had water and electricity just often enough to keep me comfortable.
I will not have this luxurious life-style I now enjoy if the stock market crashes once again. I have no respect for Wall Street folks as the money they make has nothing to do with improving the United States or the lives of its citizens or creating jobs. How much money does a billionaire have to have before he invests in a small business or two? Their supercilious lobbying forces will destroy this country again thanks to the "non-activist" Supreme Court Judges that were appointed under conservative Presidents and passed the Citizen United ruling. This country has been bought and if you want a voice you had better demand the repeal of Citizens United from your representatives. I mean this in all seriousness. Both parties are beholden and only if we take back our country (perhaps with a third party), will we return to a true democracy.
I say this because I have done my research carefully and read the data. You can scream the dangers of class warfare all you want, but the rich are not suffering in anyway in this. WalMart family has more wealth than the combined 40% of the lowest income of our society. It is no where near a class war until they have reached the wealth of the combined lowest 4%!! It is up to you.