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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 7:06 pm to stout
Posted on 1/8/24 at 7:06 pm to stout
quote:Not really when over 30% of the population is on some type of government assistance.
The median matters more than the average in this case due to extremes on both sides. Wouldn't you agree?
I also think it's silly to remove home equity from net worth just to make some type of "OMG!" point.
Why not remove stock and bond holdings, too?
2
Posted on 1/8/24 at 7:11 pm to LSURussian
quote:
I also think it's silly to remove home equity from net worth just to make some type of "OMG!" point.
You always accuse me of this. You need to grow the frick up and quit crying about my threads. It's gotten weird.
Also, it's just data and it proves that people in that age group haven't been very good at saving money despite being in the workforce for a few decades.
Also, home equity gives a false reality considering the insane rise in home values since 2020. Those values could also come crashing down if there is ever a correction.
Posted on 1/8/24 at 10:07 pm to LSURussian
quote:
Why not remove stock and bond holdings, too?
I assume it's because they're liquid
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