re: Excluding home equity, the median 40-44 year old has a net worth of just $58,000

quote:

---

So it’s net worth excluding the largest investment most people have at that age…makes sense

---

If your tranmission goes out on your car or you have a need for cash quickly, you cannot liquidate your house to cover it.

The data indicates most are bad at saving cash. We live in a hyperconsoomer society and the lack of savings reflects this fact.