16 sats \ 5 replies \ @kingzing131 15 May \ on: America’s Average Retirement Savings, by Age econ
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.
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0 sats \ 4 replies \ @Satosora 15 May
Is there net worth that much better compared to the debt they hold?
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10 sats \ 3 replies \ @_stacktoshi 15 May
net worth is assets minus liabilities, so it will always be better (assuming they have assets)
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0 sats \ 2 replies \ @Satosora 15 May
This is based on savings though. Not net worth. Most boomers have assets.
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10 sats \ 1 reply \ @kilianbuhn 16 May
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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0 sats \ 0 replies \ @Satosora 16 May
yes, something this generation cant afford
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