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re: Excluding home equity, the median 40-44 year old has a net worth of just $58,000
Posted on 1/8/24 at 6:57 pm to stout
Posted on 1/8/24 at 6:57 pm to stout
quote:The key word is "median."
the median 40-44 year old
The average would be much higher, probably in the range of a half million dollars or so. Maybe even $1,000,000.
1
Posted on 1/8/24 at 7:02 pm to LSURussian
The median matters more than the average in this case due to extremes on both sides. Wouldn't you agree?
I would also say there are more extreme cases on the upper end (a few billionaires in that age range) than on the lower end as there is no one billions in debt. I am sure the low end has billions worth of debt collectively but I am just not sure it outweighs the massive wealth of a few.
I would also say there are more extreme cases on the upper end (a few billionaires in that age range) than on the lower end as there is no one billions in debt. I am sure the low end has billions worth of debt collectively but I am just not sure it outweighs the massive wealth of a few.
This post was edited on 1/8/24 at 7:04 pm
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