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Is there net worth that much better compared to the debt they hold?
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net worth is assets minus liabilities, so it will always be better (assuming they have assets)
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This is based on savings though.
Not net worth.
Most boomers have assets.
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Homes are not only significant money on the asset side. They also lower the cost of living in the long run. An investment you literally live in
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yes, something this generation cant afford
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Networth is a much better figure imo.
There's always been figures about the low savings and high credit card debt in the US, for the past few decades.