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1 in 7 white households have $1M net worth. U post

https://www.washingtonpost.com/news/wonk/wp/2017/10/03/white...
Pink box office
  03/22/18
Win thi$
Tripping Stirring Legal Warrant
  03/22/18
...
Pink box office
  03/22/18
...
Jade abusive national
  09/30/18
Cops don't make that much starting
Mind-boggling step-uncle's house
  03/22/18
...
Pink box office
  03/22/18
that's poverty wages in that city
peach passionate chad stag film
  03/22/18
...
Pink box office
  03/22/18
lol...you jumped directly from the #1 most expensive US metr...
Sepia persian
  03/23/18
Poasting was the only reason that Peterman was able to achie...
Out-of-control point
  03/22/18
Its mostly white baby boomers rofl
Razzle Gas Station Love Of Her Life
  03/22/18
I guess that's ok for their children as they can give them m...
Honey-headed Balding Area Rigor
  03/22/18
lmao boomers booming it all away
Bright Gaming Laptop Twinkling Uncleanness
  03/22/18
is that why they are called boomers?
Honey-headed Balding Area Rigor
  03/22/18
...
coral theater cuckold
  03/22/18
...
Razzle Gas Station Love Of Her Life
  03/22/18
...
Pink box office
  03/22/18
http://www.megamillions.com
Tripping Stirring Legal Warrant
  03/22/18
...
Transparent Nowag Turdskin
  03/22/18
...
Pink box office
  03/22/18
...
Wonderful autistic digit ratio menage
  09/30/18
Wealth should not include equity in a primary residence.
Chestnut police squad party of the first part
  03/22/18
...
Mind-boggling step-uncle's house
  03/22/18
(does not live in NYC/LA/SF)
Dead mental disorder potus
  03/22/18
You need to live somewhere, so home equity is not a lump of ...
Chestnut police squad party of the first part
  03/22/18
if you live in a 2M home in NY then move to FL for retiremen...
Honey-headed Balding Area Rigor
  03/22/18
sure it is. can’t i remortgage the equity and continuously r...
electric impressive cruise ship cumskin
  03/22/18
What could go wrong?
Chestnut police squad party of the first part
  03/22/18
yes, upside is generally accompanied by risk in modern finan...
electric impressive cruise ship cumskin
  03/22/18
Because if the market tanks you could be underwater on your ...
Chestnut police squad party of the first part
  03/22/18
If the market tanks your stocks could lose value. If runawa...
Cracking Whorehouse Roast Beef
  03/23/18
i do give some credit to the idea of marking home equity, 40...
Dead mental disorder potus
  03/22/18
...
Pink box office
  03/22/18
Everything other than home equity should count.
Dark costumed main people
  03/24/18
Wealth =/= investable cash Also, unless you live in a sha...
Cracking Whorehouse Roast Beef
  03/22/18
Just sell your house and live somewhere cheaper when it pull...
Chestnut police squad party of the first part
  03/22/18
So? Spending your money means you can't use it on other thi...
Cracking Whorehouse Roast Beef
  03/23/18
...
Floppy khaki lay
  03/23/18
not everyone lives in mom's basement forever
fiercely-loyal aromatic public bath
  03/23/18
Why not?
Cracking Whorehouse Roast Beef
  03/22/18
You almost certainly have familial and emotional obligations...
Chestnut police squad party of the first part
  03/22/18
i see what you're saying, but an asset being illiquid -/->...
Floppy khaki lay
  03/23/18
I think that can be true for a lot of assets (cars, jewelry)...
Cracking Whorehouse Roast Beef
  03/23/18
how is this possible, i thought an absurdly low number of bo...
Bright Gaming Laptop Twinkling Uncleanness
  03/22/18
Average wealth is >$900k, median is <$300k. Rich ou...
Chestnut police squad party of the first part
  03/22/18
...
Razzle Gas Station Love Of Her Life
  03/22/18
Median is 170 according to the article. Still sounds high to...
twisted lettuce
  03/22/18
...
Pink box office
  03/22/18
170 is high? JFC none of you people live in New Jersey.
well-lubricated curious library
  09/30/18
property rich, cash poor
underhanded native
  03/22/18
...
Cyan People Who Are Hurt
  03/22/18
it wouldn't surprise me if both were true. I could see 1/...
Honey-headed Balding Area Rigor
  03/22/18
didn't click but has to be including their home values ton...
cruel-hearted brilliant pistol hall
  03/22/18
A bunch of them rode the housing bubble all the way: bought ...
chrome mewling new version legend
  03/23/18
white or (((white)))?
Diverse Hairy Legs
  03/23/18
pretty sure it's like 6/7 for (((whites)))
slate selfie
  03/23/18
I’m probably a paper millionaire including home equity (incl...
slap-happy station telephone
  03/23/18
If your wife works say *we*. You by yourself are not a paper...
slate selfie
  03/23/18
Fair. I edited before I saw your post.
slap-happy station telephone
  03/23/18
This works very well where the couple is committed to stayin...
slate selfie
  03/23/18
Neither of us is from a broken home, at least.
slap-happy station telephone
  03/23/18
So you probably have lots of Jew gold buried in the backyard...
Diverse Hairy Legs
  03/23/18
I should go check.
slap-happy station telephone
  03/23/18
damn among the xoxo cohort, like college educated whites and...
purple contagious round eye
  03/23/18
other data: about 8% of households (calculated based on the...
purple contagious round eye
  03/23/18
Is a million supposed to be a lot in 2018? That was a lot of...
poppy concupiscible haunted graveyard senate
  03/23/18
but tbf, $1mm gets you 30 years of $65k distributions assumi...
purple contagious round eye
  03/23/18
(guy who doesn't think 1 out of 7 xo posters are worth $1+ m...
fiercely-loyal aromatic public bath
  03/23/18
What percentage of households with members in their 30s have...
sinister pale office
  03/23/18
...
Pink box office
  09/30/18
A lot of Boomers are rich, news at 11.
well-lubricated curious library
  09/30/18


Poast new message in this thread



Reply Favorite

Date: March 22nd, 2018 10:18 PM
Author: Pink box office

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



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665806)



Reply Favorite

Date: March 22nd, 2018 10:25 PM
Author: Tripping Stirring Legal Warrant
Subject: Win thi$

http://www.megamillions.com

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665873)



Reply Favorite

Date: March 22nd, 2018 10:43 PM
Author: Pink box office



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666091)



Reply Favorite

Date: September 30th, 2018 10:35 PM
Author: Jade abusive national



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#36930010)



Reply Favorite

Date: March 22nd, 2018 10:28 PM
Author: Mind-boggling step-uncle's house

Cops don't make that much starting

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665911)



Reply Favorite

Date: March 22nd, 2018 10:47 PM
Author: Pink box office



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666135)



Reply Favorite

Date: March 22nd, 2018 10:57 PM
Author: peach passionate chad stag film

that's poverty wages in that city

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666235)



Reply Favorite

Date: March 22nd, 2018 10:59 PM
Author: Pink box office



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666262)



Reply Favorite

Date: March 23rd, 2018 11:19 AM
Author: Sepia persian

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)



Reply Favorite

Date: March 22nd, 2018 10:19 PM
Author: Out-of-control point

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)



Reply Favorite

Date: March 22nd, 2018 10:24 PM
Author: Razzle Gas Station Love Of Her Life

Its mostly white baby boomers rofl

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665866)



Reply Favorite

Date: March 22nd, 2018 10:27 PM
Author: Honey-headed Balding Area Rigor

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)



Reply Favorite

Date: March 22nd, 2018 10:32 PM
Author: Bright Gaming Laptop Twinkling Uncleanness

lmao boomers booming it all away



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665943)



Reply Favorite

Date: March 22nd, 2018 10:35 PM
Author: Honey-headed Balding Area Rigor

is that why they are called boomers?

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665992)



Reply Favorite

Date: March 22nd, 2018 10:35 PM
Author: coral theater cuckold



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665993)



Reply Favorite

Date: March 22nd, 2018 10:36 PM
Author: Razzle Gas Station Love Of Her Life



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666005)



Reply Favorite

Date: March 22nd, 2018 10:45 PM
Author: Pink box office



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666110)



Reply Favorite

Date: March 22nd, 2018 10:31 PM
Author: Tripping Stirring Legal Warrant

http://www.megamillions.com

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665939)



Reply Favorite

Date: March 22nd, 2018 10:45 PM
Author: Transparent Nowag Turdskin



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666108)



Reply Favorite

Date: March 22nd, 2018 10:46 PM
Author: Pink box office



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666123)



Reply Favorite

Date: September 30th, 2018 10:18 PM
Author: Wonderful autistic digit ratio menage



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#36929925)



Reply Favorite

Date: March 22nd, 2018 10:31 PM
Author: Chestnut police squad party of the first part

Wealth should not include equity in a primary residence.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665938)



Reply Favorite

Date: March 22nd, 2018 10:32 PM
Author: Mind-boggling step-uncle's house



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665948)



Reply Favorite

Date: March 22nd, 2018 10:32 PM
Author: Dead mental disorder potus

(does not live in NYC/LA/SF)

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665952)



Reply Favorite

Date: March 22nd, 2018 10:35 PM
Author: Chestnut police squad party of the first part

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)



Reply Favorite

Date: March 22nd, 2018 10:36 PM
Author: Honey-headed Balding Area Rigor

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)



Reply Favorite

Date: March 22nd, 2018 10:55 PM
Author: electric impressive cruise ship cumskin

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)



Reply Favorite

Date: March 22nd, 2018 10:58 PM
Author: Chestnut police squad party of the first part

What could go wrong?

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666252)



Reply Favorite

Date: March 22nd, 2018 11:02 PM
Author: electric impressive cruise ship cumskin

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)



Reply Favorite

Date: March 22nd, 2018 11:26 PM
Author: Chestnut police squad party of the first part

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)



Reply Favorite

Date: March 23rd, 2018 11:18 AM
Author: Cracking Whorehouse Roast Beef

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)



Reply Favorite

Date: March 22nd, 2018 10:57 PM
Author: Dead mental disorder potus

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)



Reply Favorite

Date: March 22nd, 2018 11:20 PM
Author: Pink box office



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666488)



Reply Favorite

Date: March 24th, 2018 1:29 AM
Author: Dark costumed main people

Everything other than home equity should count.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35675987)



Reply Favorite

Date: March 22nd, 2018 11:25 PM
Author: Cracking Whorehouse Roast Beef

Wealth =/= investable cash

Also, unless you live in a shack, you can sell your house and live somewhere cheaper.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666535)



Reply Favorite

Date: March 22nd, 2018 11:30 PM
Author: Chestnut police squad party of the first part

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)



Reply Favorite

Date: March 23rd, 2018 10:50 AM
Author: Cracking Whorehouse Roast Beef

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)



Reply Favorite

Date: March 23rd, 2018 11:23 AM
Author: Floppy khaki lay



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669459)



Reply Favorite

Date: March 23rd, 2018 11:19 AM
Author: fiercely-loyal aromatic public bath

not everyone lives in mom's basement forever

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669416)



Reply Favorite

Date: March 22nd, 2018 11:24 PM
Author: Cracking Whorehouse Roast Beef

Why not?

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666528)



Reply Favorite

Date: March 22nd, 2018 11:28 PM
Author: Chestnut police squad party of the first part

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)



Reply Favorite

Date: March 23rd, 2018 11:23 AM
Author: Floppy khaki lay

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)



Reply Favorite

Date: March 23rd, 2018 12:07 PM
Author: Cracking Whorehouse Roast Beef

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.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669858)



Reply Favorite

Date: March 22nd, 2018 10:32 PM
Author: Bright Gaming Laptop Twinkling Uncleanness

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)



Reply Favorite

Date: March 22nd, 2018 10:34 PM
Author: Chestnut police squad party of the first part

Average wealth is >$900k, median is <$300k.

Rich outliers skew the numbers.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665970)



Reply Favorite

Date: March 22nd, 2018 10:34 PM
Author: Razzle Gas Station Love Of Her Life



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665984)



Reply Favorite

Date: March 22nd, 2018 10:39 PM
Author: twisted lettuce

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)



Reply Favorite

Date: March 22nd, 2018 10:49 PM
Author: Pink box office



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666142)



Reply Favorite

Date: September 30th, 2018 10:23 PM
Author: well-lubricated curious library

170 is high?

JFC none of you people live in New Jersey.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#36929944)



Reply Favorite

Date: March 22nd, 2018 10:36 PM
Author: underhanded native

property rich, cash poor

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666001)



Reply Favorite

Date: March 22nd, 2018 11:22 PM
Author: Cyan People Who Are Hurt



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666511)



Reply Favorite

Date: March 22nd, 2018 10:37 PM
Author: Honey-headed Balding Area Rigor

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.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666012)



Reply Favorite

Date: March 22nd, 2018 11:25 PM
Author: cruel-hearted brilliant pistol hall

didn't click but has to be including their home values

tons of boomers in CA and east coast are "millionaires" that way

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666544)



Reply Favorite

Date: March 23rd, 2018 11:20 AM
Author: chrome mewling new version legend

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)



Reply Favorite

Date: March 23rd, 2018 11:09 AM
Author: Diverse Hairy Legs

white or (((white)))?

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669323)



Reply Favorite

Date: March 23rd, 2018 11:11 AM
Author: slate selfie

pretty sure it's like 6/7 for (((whites)))

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669338)



Reply Favorite

Date: March 23rd, 2018 11:13 AM
Author: slap-happy station telephone

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.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669352)



Reply Favorite

Date: March 23rd, 2018 11:14 AM
Author: slate selfie

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)



Reply Favorite

Date: March 23rd, 2018 11:15 AM
Author: slap-happy station telephone

Fair. I edited before I saw your post.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669374)



Reply Favorite

Date: March 23rd, 2018 11:16 AM
Author: slate selfie

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)



Reply Favorite

Date: March 23rd, 2018 11:17 AM
Author: slap-happy station telephone

Neither of us is from a broken home, at least.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669397)



Reply Favorite

Date: March 23rd, 2018 11:14 AM
Author: Diverse Hairy Legs

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)



Reply Favorite

Date: March 23rd, 2018 11:16 AM
Author: slap-happy station telephone

I should go check.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669388)



Reply Favorite

Date: March 23rd, 2018 11:15 AM
Author: purple contagious round eye

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.



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669385)



Reply Favorite

Date: March 23rd, 2018 11:19 AM
Author: purple contagious round eye

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

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669417)



Reply Favorite

Date: March 23rd, 2018 11:19 AM
Author: poppy concupiscible haunted graveyard senate

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)



Reply Favorite

Date: March 23rd, 2018 11:25 AM
Author: purple contagious round eye

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).

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669478)



Reply Favorite

Date: March 23rd, 2018 11:21 AM
Author: fiercely-loyal aromatic public bath

(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)



Reply Favorite

Date: March 23rd, 2018 3:13 PM
Author: sinister pale office

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)



Reply Favorite

Date: September 30th, 2018 10:17 PM
Author: Pink box office



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#36929914)



Reply Favorite

Date: September 30th, 2018 10:21 PM
Author: well-lubricated curious library

A lot of Boomers are rich, news at 11.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#36929939)