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Started By
Message
re: Are you richer than the average American?
Posted on 8/17/14 at 3:20 pm to The Third Leg
Posted on 8/17/14 at 3:20 pm to The Third Leg
quote:
What was the exact decrease?
down 36%
0
Posted on 8/17/14 at 3:20 pm to Sir Drinksalot
What surprises you? The distribution of wealth in this country is fricked up
This post was edited on 8/17/14 at 3:21 pm
Posted on 8/17/14 at 3:20 pm to HailHailtoMichigan!
quote:
How can someone possibly survive on this?
I'm making the assumption that you are wondering how someone could survive on an income of $56,335.
You would have to have some kind of drug or gambling addiction, or no accounting skills whatsoever.
I've lived off of $13,000 a year before. It's not that hard if you know what you're doing.
ETA: My income is variable year-to-year, and is usually a few grand short of the stated figure. My assets (and lack of debt) push me over in terms of net worth.
This post was edited on 8/17/14 at 3:22 pm
Posted on 8/17/14 at 3:21 pm to RupertPupkin
quote:Or averages and medians
I'm surprised so many balling OTers do not know the difference between net worth and income...
Posted on 8/17/14 at 3:21 pm to blades8088
quote:pop corn
The distribution of wealth in this country is fricked up
Posted on 8/17/14 at 3:21 pm to HailHailtoMichigan!
quote:
$56,335How can someone possibly survive on this?
People in the 70805 zip in Baton rouge would LOVE this much coin.
Posted on 8/17/14 at 3:24 pm to dukke v
quote:
People in the 70805 zip in Baton rouge would LOVE this much coin.
Along with about 98% of Louisiana.
Posted on 8/17/14 at 3:24 pm to TigerintheNO
School debt is probably helping pull this down a good bit, among other things
This post was edited on 8/17/14 at 3:26 pm
Posted on 8/17/14 at 3:25 pm to blades8088
Well. Homeowners for one. Who doesn't have at least that into their house. There are houses everywhere....so the AVERAGE I thought would be higher.
This post was edited on 8/17/14 at 3:27 pm
Posted on 8/17/14 at 3:25 pm to Starrkevious Ringo
Yeah, in MS, 56k a year goes A LONG way. You can live comfortably off of it.
ETA: oops. I didn't see net worth. My b
ETA: oops. I didn't see net worth. My b
This post was edited on 8/17/14 at 3:26 pm
Posted on 8/17/14 at 3:25 pm to TigerintheNO
quote:Yes, a little bit.....
Is your net worth greater than $56,335?
Posted on 8/17/14 at 3:26 pm to LSURussian
I hear you're an O-T Balla.
Posted on 8/17/14 at 3:27 pm to Sir Drinksalot
quote:Probably a pretty shocking amount of homeowners.
Who doesn't have at least that into their house.
Posted on 8/17/14 at 3:27 pm to Sir Drinksalot
quote:
Well. Homeowners for one. Who doesn't have at least that into their house. There are houses everywhere....so the AVERAGE I thought would be higher.
quote:
Fully 9.1 million U.S. residential properties were seriously underwater, representing 17% of all properties with a mortgage in the first quarter, according to RealtyTrac’s U.S. Home Equity & Underwater Report for the first quarter of 2014.
To be seriously underwater, the combined loan amount secured by the property is at least 25% higher than the property’s market value.
Posted on 8/17/14 at 3:28 pm to Sir Drinksalot
quote:
Well. Homeowners for one. Who doesn't have at least that into their house.
I'm guessing the millions of Americans who are upside down on their mortgage.
Posted on 8/17/14 at 3:28 pm to blades8088
You only have to pull in 6 figures to be in the 1%.
Posted on 8/17/14 at 3:28 pm to Sir Drinksalot
quote:
Well. Homeowners for one. Who doesn't have at least that into their house. There are houses everywhere....so the AVERAGE I thought would be higher.
Most people don't have their houses paid off.
Posted on 8/17/14 at 3:29 pm to TigerintheNO
quote:
Are you richer than the average American?
Off the top of my head, I'd say my net worth is right around that number. Haven't really looked at a few things in a while. It's steadily increasing with each paycheck though. Most is in savings and retirement. I don't own a whole lot of stuff or any property. No need for that at the moment as an unmarried 30 year old living in a larger, cheap city.
This post was edited on 8/17/14 at 3:30 pm
Posted on 8/17/14 at 3:29 pm to TigerintheNO
quote:
Is your net worth greater than $56,335?
My 3 year old's net worth is already greater.
Posted on 8/17/14 at 3:29 pm to TigerintheNO
Ah ok. People chasing the American dream.
Hard to believe it's that significant.
Hard to believe it's that significant.
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