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1 in 7 white households have $1M net worth. U post
| dark shitlib dysfunction | 03/22/18 |
| navy crawly tanning salon mexican | 03/22/18 |
| dark shitlib dysfunction | 03/22/18 |
| Copper wonderful philosopher-king | 09/30/18 |
| talented nursing home gaming laptop | 03/22/18 |
| dark shitlib dysfunction | 03/22/18 |
| marvelous pearly turdskin scourge upon the earth | 03/22/18 |
| dark shitlib dysfunction | 03/22/18 |
| chrome zombie-like queen of the night | 03/23/18 |
| Exciting violent market hissy fit | 03/22/18 |
| aggressive insecure wrinkle genital piercing | 03/22/18 |
| talking passionate background story kitchen | 03/22/18 |
| Fear-inspiring azn | 03/22/18 |
| talking passionate background story kitchen | 03/22/18 |
| greedy bossy station | 03/22/18 |
| aggressive insecure wrinkle genital piercing | 03/22/18 |
| dark shitlib dysfunction | 03/22/18 |
| navy crawly tanning salon mexican | 03/22/18 |
| Cordovan bawdyhouse | 03/22/18 |
| dark shitlib dysfunction | 03/22/18 |
| Hideous fanboi | 09/30/18 |
| Laughsome insane casino blood rage | 03/22/18 |
| talented nursing home gaming laptop | 03/22/18 |
| Vigorous degenerate | 03/22/18 |
| Laughsome insane casino blood rage | 03/22/18 |
| talking passionate background story kitchen | 03/22/18 |
| Stirring self-centered box office jewess | 03/22/18 |
| Laughsome insane casino blood rage | 03/22/18 |
| Stirring self-centered box office jewess | 03/22/18 |
| Laughsome insane casino blood rage | 03/22/18 |
| excitant cowardly garrison | 03/23/18 |
| Vigorous degenerate | 03/22/18 |
| dark shitlib dysfunction | 03/22/18 |
| azure french chef toaster | 03/24/18 |
| excitant cowardly garrison | 03/22/18 |
| Laughsome insane casino blood rage | 03/22/18 |
| excitant cowardly garrison | 03/23/18 |
| Purple abusive ticket booth | 03/23/18 |
| hyperventilating business firm | 03/23/18 |
| excitant cowardly garrison | 03/22/18 |
| Laughsome insane casino blood rage | 03/22/18 |
| Purple abusive ticket booth | 03/23/18 |
| excitant cowardly garrison | 03/23/18 |
| Fear-inspiring azn | 03/22/18 |
| Laughsome insane casino blood rage | 03/22/18 |
| aggressive insecure wrinkle genital piercing | 03/22/18 |
| idiotic private investor | 03/22/18 |
| dark shitlib dysfunction | 03/22/18 |
| white kitty cat | 09/30/18 |
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| Jet-lagged Bisexual Becky Halford | 03/22/18 |
| talking passionate background story kitchen | 03/22/18 |
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| odious turquoise den | 03/23/18 |
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| Lascivious Police Squad Range | 03/23/18 |
| peach senate stock car | 03/23/18 |
| Lascivious Police Squad Range | 03/23/18 |
| peach senate stock car | 03/23/18 |
| Lascivious Police Squad Range | 03/23/18 |
| peach senate stock car | 03/23/18 |
| Citrine useless psychic ceo | 03/23/18 |
| peach senate stock car | 03/23/18 |
| Thriller Internet-worthy Dilemma International Law Enforcement Agency | 03/23/18 |
| Thriller Internet-worthy Dilemma International Law Enforcement Agency | 03/23/18 |
| Appetizing cruel-hearted dopamine field | 03/23/18 |
| Thriller Internet-worthy Dilemma International Law Enforcement Agency | 03/23/18 |
| hyperventilating business firm | 03/23/18 |
| dull idiot hell | 03/23/18 |
| dark shitlib dysfunction | 09/30/18 |
| white kitty cat | 09/30/18 |
Poast new message in this thread
Date: March 22nd, 2018 10:18 PM Author: dark shitlib dysfunction https://www.washingtonpost.com/news/wonk/wp/2017/10/03/white-families-are-twice-as-likely-to-be-millionaires-as-a-generation-ago/?utm_term=.e42043bd2ced
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Date: March 22nd, 2018 10:25 PM Author: navy crawly tanning salon mexican Subject: Win thi$ http://www.megamillions.com (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665873) |
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Date: March 22nd, 2018 10:43 PM Author: dark shitlib dysfunction (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666091) |
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Date: September 30th, 2018 10:35 PM Author: Copper wonderful philosopher-king (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#36930010) |
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Date: March 22nd, 2018 10:28 PM Author: talented nursing home gaming laptop Cops don't make that much starting (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665911) |
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Date: March 22nd, 2018 10:47 PM Author: dark shitlib dysfunction (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666135) |
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Date: March 22nd, 2018 10:57 PM Author: marvelous pearly turdskin scourge upon the earth that's poverty wages in that city (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666235) |
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Date: March 22nd, 2018 10:59 PM Author: dark shitlib dysfunction (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666262) |
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Date: March 23rd, 2018 11:19 AM Author: chrome zombie-like queen of the night lol...you jumped directly from the #1 most expensive US metro to the #2. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669415) |
Date: March 22nd, 2018 10:19 PM Author: Exciting violent market hissy fit Poasting was the only reason that Peterman was able to achieve that. What say you to that (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665816) |
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Date: March 22nd, 2018 10:24 PM Author: aggressive insecure wrinkle genital piercing Its mostly white baby boomers rofl (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665866) |
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Date: March 22nd, 2018 10:27 PM Author: talking passionate background story kitchen I guess that's ok for their children as they can give them money and pass it on... unless you have a lot of brothers and sisters, then ur fucked. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665899) |
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Date: March 22nd, 2018 10:32 PM Author: Fear-inspiring azn lmao boomers booming it all away
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Date: March 22nd, 2018 10:35 PM Author: talking passionate background story kitchen is that why they are called boomers? (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665992) |
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Date: March 22nd, 2018 10:35 PM Author: greedy bossy station (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665993) |
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Date: March 22nd, 2018 10:36 PM Author: aggressive insecure wrinkle genital piercing (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666005) |
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Date: March 22nd, 2018 10:45 PM Author: dark shitlib dysfunction (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666110) |
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Date: March 22nd, 2018 10:31 PM Author: navy crawly tanning salon mexican http://www.megamillions.com (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665939) |
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Date: March 22nd, 2018 10:45 PM Author: Cordovan bawdyhouse (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666108) |
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Date: March 22nd, 2018 10:46 PM Author: dark shitlib dysfunction (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666123) |
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Date: September 30th, 2018 10:18 PM Author: Hideous fanboi (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#36929925) |
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Date: March 22nd, 2018 10:31 PM Author: Laughsome insane casino blood rage Wealth should not include equity in a primary residence. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665938) |
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Date: March 22nd, 2018 10:32 PM Author: talented nursing home gaming laptop (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665948) |
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Date: March 22nd, 2018 10:32 PM Author: Vigorous degenerate (does not live in NYC/LA/SF) (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665952) |
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Date: March 22nd, 2018 10:35 PM Author: Laughsome insane casino blood rage You need to live somewhere, so home equity is not a lump of investable cash. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665986) |
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Date: March 22nd, 2018 10:36 PM Author: talking passionate background story kitchen if you live in a 2M home in NY then move to FL for retirement, it basically is. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666002) |
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Date: March 22nd, 2018 10:55 PM Author: Stirring self-centered box office jewess sure it is. can’t i remortgage the equity and continuously reinvest it in equities? (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666201) |
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Date: March 22nd, 2018 10:58 PM Author: Laughsome insane casino blood rage What could go wrong? (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666252) |
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Date: March 22nd, 2018 11:02 PM Author: Stirring self-centered box office jewess yes, upside is generally accompanied by risk in modern financial markets. and therefore...you actually can’t reinvest the value represented by the equity in your home? cmon man. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666298) |
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Date: March 22nd, 2018 11:26 PM Author: Laughsome insane casino blood rage Because if the market tanks you could be underwater on your home. And if everyone does what you say then that will happen much sooner. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666551) |
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Date: March 23rd, 2018 11:18 AM Author: excitant cowardly garrison If the market tanks your stocks could lose value. If runaway inflation happens your cash could lose value. A lot of things could make your net worth decrease, but that doesn't mean it's *not* net worth. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669407) |
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Date: March 22nd, 2018 10:57 PM Author: Vigorous degenerate i do give some credit to the idea of marking home equity, 401K, 529, etc., to 0 in net worth calcs. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666239) |
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Date: March 22nd, 2018 11:20 PM Author: dark shitlib dysfunction (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666488) |
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Date: March 24th, 2018 1:29 AM Author: azure french chef toaster Everything other than home equity should count. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35675987) |
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Date: March 22nd, 2018 11:25 PM Author: excitant cowardly garrison Wealth =/= investable cash
Also, unless you live in a shack, you can sell your house and live somewhere cheaper. |
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Date: March 22nd, 2018 11:30 PM Author: Laughsome insane casino blood rage Just sell your house and live somewhere cheaper when it pulls your kid out of a good school district. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666603) |
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Date: March 23rd, 2018 10:50 AM Author: excitant cowardly garrison So? Spending your money means you can't use it on other things. That doesn't mean it's not part of your worth. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669201) |
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Date: March 23rd, 2018 11:23 AM Author: Purple abusive ticket booth (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669459) |
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Date: March 23rd, 2018 11:19 AM Author: hyperventilating business firm not everyone lives in mom's basement forever (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669416) |
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Date: March 22nd, 2018 11:24 PM Author: excitant cowardly garrison Why not? (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666528) |
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Date: March 22nd, 2018 11:28 PM Author: Laughsome insane casino blood rage You almost certainly have familial and emotional obligations that make primary residence equity less fungible than, say, a stock portfolio. Primary residences are not simply another asset class. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666586) |
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Date: March 23rd, 2018 11:23 AM Author: Purple abusive ticket booth i see what you're saying, but an asset being illiquid -/-> you don't count it in your net worth. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669456) |
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Date: March 23rd, 2018 12:07 PM Author: excitant cowardly garrison I think that can be true for a lot of assets (cars, jewelry). There are other qualities that make assets more or less fungible, but I don't think they should be excluded from net worth (unless you're going to totally redefine what it means).
Maybe some other classification (easily investable worth?) makes sense. |
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Date: March 22nd, 2018 10:32 PM Author: Fear-inspiring azn how is this possible, i thought an absurdly low number of boomers had even like 10K saved for retirement (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665947) |
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Date: March 22nd, 2018 10:34 PM Author: Laughsome insane casino blood rage Average wealth is >$900k, median is <$300k.
Rich outliers skew the numbers. |
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Date: March 22nd, 2018 10:34 PM Author: aggressive insecure wrinkle genital piercing (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665984) |
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Date: March 22nd, 2018 10:39 PM Author: idiotic private investor Median is 170 according to the article. Still sounds high to me. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666035) |
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Date: March 22nd, 2018 10:49 PM Author: dark shitlib dysfunction (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666142) |
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Date: September 30th, 2018 10:23 PM Author: white kitty cat 170 is high?
JFC none of you people live in New Jersey. |
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Date: March 22nd, 2018 10:36 PM Author: razzle-dazzle learning disabled pit property rich, cash poor (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666001) |
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Date: March 22nd, 2018 11:22 PM Author: Jet-lagged Bisexual Becky Halford (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666511) |
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Date: March 22nd, 2018 10:37 PM Author: talking passionate background story kitchen it wouldn't surprise me if both were true.
I could see 1/7 people having 1M in assets.
I could also see 4/7 having less than 100K in assets. |
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Date: March 22nd, 2018 11:25 PM Author: Jade spectacular brunch didn't click but has to be including their home values tons of boomers in CA and east coast are "millionaires" that way |
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Date: March 23rd, 2018 11:20 AM Author: odious turquoise den A bunch of them rode the housing bubble all the way: bought in Los Altos for 250k and are now sitting on a 2.5 million house (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669425) |
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Date: March 23rd, 2018 11:09 AM Author: Citrine useless psychic ceo white or (((white)))? (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669323) |
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Date: March 23rd, 2018 11:11 AM Author: Lascivious Police Squad Range pretty sure it's like 6/7 for (((whites))) (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669338) |
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Date: March 23rd, 2018 11:13 AM Author: peach senate stock car I’m probably a paper millionaire including home equity (including wife’s claim on assets).
Problem is a lot of it is home equity that I can’t easily access.
I still feel poor as fuck and am constantly nervous about me or wife getting Lathamed.
I’m (((white))), so make of that what you will. |
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Date: March 23rd, 2018 11:14 AM Author: Lascivious Police Squad Range If your wife works say *we*. You by yourself are not a paper millionaire. You and your wife are. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669360) |
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Date: March 23rd, 2018 11:15 AM Author: peach senate stock car Fair. I edited before I saw your post. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669374) |
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Date: March 23rd, 2018 11:16 AM Author: Lascivious Police Squad Range This works very well where the couple is committed to staying together forever. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669394) |
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Date: March 23rd, 2018 11:17 AM Author: peach senate stock car Neither of us is from a broken home, at least. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669397) |
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Date: March 23rd, 2018 11:14 AM Author: Citrine useless psychic ceo So you probably have lots of Jew gold buried in the backyard then (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669361) |
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Date: March 23rd, 2018 11:16 AM Author: peach senate stock car I should go check. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669388) |
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Date: March 23rd, 2018 11:15 AM Author: Thriller Internet-worthy Dilemma International Law Enforcement Agency damn among the xoxo cohort, like college educated whites and asians living in a top 15 population city and above age 40 i bet this number has to rise to like 1/4.
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Date: March 23rd, 2018 11:19 AM Author: Thriller Internet-worthy Dilemma International Law Enforcement Agency other data: about 8% of households (calculated based on the 10mm millionaire figure assuming 125mm households) have $1mm in investable assets excluding home equity
https://www.cnbc.com/2017/03/22/record-number-of-millionaire-households-in-us.html |
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Date: March 23rd, 2018 11:19 AM Author: Appetizing cruel-hearted dopamine field Is a million supposed to be a lot in 2018? That was a lot of money in 1985. It's nothing in 2018. I'm worth like $1.5 million. I still have to work. That amounting money just means if I get fired I can spend 6 months looking for a job instead of immediately selling a kidney or driving Uber. $5 million is the new $1 million just like 250k is the new $100k for a good salary. $100k now is nothing. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669420) |
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Date: March 23rd, 2018 11:25 AM Author: Thriller Internet-worthy Dilemma International Law Enforcement Agency but tbf, $1mm gets you 30 years of $65k distributions assuming 6% returns.
So you already know you can retire at 65.
And you are young so if you can double that by 55 you probably could retire then (if OK to live on fixed income). |
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Date: March 23rd, 2018 11:21 AM Author: hyperventilating business firm (guy who doesn't think 1 out of 7 xo posters are worth $1+ million) (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669433) |
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Date: March 23rd, 2018 3:13 PM Author: dull idiot hell What percentage of households with members in their 30s have a net worth of 1 million? (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35671593) |
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Date: September 30th, 2018 10:17 PM Author: dark shitlib dysfunction (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#36929914) |
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Date: September 30th, 2018 10:21 PM Author: white kitty cat A lot of Boomers are rich, news at 11. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#36929939) |