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re: Are you richer than the average American?

Posted on 8/17/14 at 3:30 pm to
Posted by HempHead
Big Sky Country
Member since Mar 2011
56504 posts
Posted on 8/17/14 at 3:30 pm to
quote:

My 3 year old's net worth is already greater.


OT Bawler
Posted by Starrkevious Ringo
Member since Jul 2014
723 posts
Posted on 8/17/14 at 3:30 pm to
Upvoted
Posted by Sir Drinksalot
Member since Aug 2005
16854 posts
Posted on 8/17/14 at 3:31 pm to
Yes but have atleast 30k in it plus some retirement?

I would have thought the average was closer to the 100k mark.
This post was edited on 8/17/14 at 3:32 pm
Posted by 777Tiger
Member since Mar 2011
87744 posts
Posted on 8/17/14 at 3:31 pm to
quote:

Most people don't have their houses paid off.




If you're not going to pay cash for a house, and you don't consider the house your "final esting place," there's no urgent need to put a ton of equity into it.
Posted by SM6
Georgia
Member since Jul 2008
8916 posts
Posted on 8/17/14 at 3:31 pm to
Yes but not by much, and as a non homeowner, most of it is in my 401K
Posted by BIGDAB
Go for the Jugular
Member since Jun 2011
7468 posts
Posted on 8/17/14 at 3:32 pm to
quote:

Starrkevious Ringo


i lold
Posted by HempHead
Big Sky Country
Member since Mar 2011
56504 posts
Posted on 8/17/14 at 3:32 pm to
quote:

Yes but have atleast 30k in it plus some retirement?


I think you would be shocked at how many people live paycheck-to-paycheck, even those with higher incomes.

quote:

I would have thought the average was closer to the 100k mark.


Probably for white people and Asians.
Posted by BIGDAB
Go for the Jugular
Member since Jun 2011
7468 posts
Posted on 8/17/14 at 3:33 pm to
quote:

I would have thought the average was closer to the 100k mark.


You've been Hoodwinked
Posted by Sir Drinksalot
Member since Aug 2005
16854 posts
Posted on 8/17/14 at 3:34 pm to
Honestly we do that a lot some months

But that's with a 10year and I think we put a good bit into 401k.

So I guess what happens is people are paycheck to paycheck just living it up on all accounts?
Posted by member12
Bob's Country Bunker
Member since May 2008
33005 posts
Posted on 8/17/14 at 3:36 pm to
It's disturbing that I'm well beyond the average net worth at my young age.
Posted by Speck
Dirty South
Member since Aug 2014
349 posts
Posted on 8/17/14 at 3:36 pm to
Not shocking that the average is 56k and dropping, when you have half the people living off of the government.
Posted by go ta hell ole miss
Member since Jan 2007
14459 posts
Posted on 8/17/14 at 3:37 pm to


This post was edited on 8/17/14 at 3:49 pm
Posted by tketaco
Sunnyside, Houston
Member since Jan 2010
21465 posts
Posted on 8/17/14 at 3:37 pm to
Oh yeah, got it beat by $4k. Until I get fired.
Posted by GreatLakesTiger24
Member since May 2012
58730 posts
Posted on 8/17/14 at 3:39 pm to
I bet the OT's average net worth and household income is nearly double the national average. Same with education level.

As much as it's joked about, this board really is full of ballers and scholars.
This post was edited on 8/17/14 at 3:40 pm
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 8/17/14 at 3:39 pm to
quote:

The distribution of wealth in this country is fricked up


This statement is fricked up.
Posted by Sir Drinksalot
Member since Aug 2005
16854 posts
Posted on 8/17/14 at 3:40 pm to
Six figures in savings doesn't =six figures in net worth?

You don't have 56k into your house?
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 8/17/14 at 3:40 pm to
quote:

You only have to pull in 6 figures to be in the 1%


Wut?
Posted by pensacola
pensacola
Member since Sep 2005
4790 posts
Posted on 8/17/14 at 3:41 pm to
I'm not worried- We are all Obama's children and he will care for us.
Posted by GreatLakesTiger24
Member since May 2012
58730 posts
Posted on 8/17/14 at 3:41 pm to
I'm pretty sure 6 figures puts you in the top 10%.
Posted by HempHead
Big Sky Country
Member since Mar 2011
56504 posts
Posted on 8/17/14 at 3:42 pm to
quote:

I bet the OT's average net worth and household income is nearly double the national average. Same with education level.

As much as it's joked about, this board really is full of ballers and scholars.


For the most part, the board is full of college educated white males, with exceptions, of course. That demographic alone puts the OT in a better situation than the 'average' American.
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