This is the median net worth by age. Are you ahead or behind?

[Tr0yTV]

If we including debt then my networth is negative certgang we all we got

 

[Tasha And]

Most homeowners are storing wealth in their home

Which is also where most of the wealth gap is concentrated.

 

[The Radiant One]

I know but don’t you subtract the amount you owe from your net worth?

My equity is at least 100-125K but I still owe 380-ish.

House is different if you sell the house you pay the 6% and then keep what’s left of the 120k. So let’s say if you want to be a renter that’s 100kish to rent or buy something

 

[MoveForward]

Say you have a house worth 200k. If your outstanding mortgage is 150k, that puts you at positive 50k there.

House prices may have slumped slightly due to rising interest rates, but not by much.

Most homeowners are storing wealth in their home

You don’t count your home in your net worth… If that’s the case, I’m worth $500k.

 

[Sad Bunny]

You don’t count your home in your net worth… If that’s the case, I’m worth $500k.

You count the positive equity and subtract the mortgage balance.

 

[Sad Bunny]

I’m worth at least a quarter million

Edit: maybe 150-175K now that I do the math but if I combine my wife’s and mine then

We got a nice little nest egg

 

[Software]

shyt seems super low...christ.

Net worth is assets minus liabilities
Many people have a bunch of debt so their net worth is low or in the negatives

 

[MoveForward]

You count the positive equity and subtract the mortgage balance.

Right… So I’m worth 500k+ with my townhome and my primary dwelling. Real estate is illiquid and it‘s very misleading.

 

[TallMan_J]

Those numbers are sad, but they don’t apply to me (thank The Most High).


What’s crazy is that we’re supposedly the “wealthiest” nation on the planet, and we’re apparently living better than 90% of the world’s population.

According to IG and Social Media, everyone is balling out and living the high life. If you’re in mountains of debt to maintain a facade, I can see how that might be possible.

 

[Ahadi]

If you have a pass down, you’re already ahead.

 

[⠀⠀⠀]

ahead of all of that. I'm blessed

 

[TallMan_J]

You don’t count your home in your net worth… If that’s the case, I’m worth $500k.

Uh… if you own it, yes you do, breh.


Am I tripping?

 

[Koba St]

Come on, this is the coli
We are all ahead

Not only are we ahead, we are waaaaaay ahead of even those in their 60s.

The coli.com brehs

 

[MarcMan]

Right… So I’m worth 500k+ with my townhome and my primary dwelling. Real estate is illiquid and it‘s very misleading.

No one said anything about liquidity. You were just wrong.

 

[sayyestothis]

Net worth is assets minus liabilities
Many people have a bunch of debt so their net worth is low or in the negatives

Lol I get it and how it works breh but even those that don't have a house to pad their number in ur 30s u should have that in retirement at least. Iono it's depressing I guess..